Biden’s Economy: Challenger Job Cuts Soar 286.7% YoY In May As M2 Money Growth Collapses June 2, 2023 1:09 pmJune 1, 2023 3:52 pm by confoundedinterest17 So much for Biden’s “miracle economy.” Challenger jobs cuts report is out for May and job cuts soared 286.7% year-over-year (YoY). As M2 Money growth crashes.