USA Facts - Since 2001, there has been an average of 5.8 million layoffs per quarter, peaking in the first quarters of 2009 (7.8 million) and 2020 (17.3 million). Since May 2023, there's been an average of 4.9 million per quarter. From January to March 2024, 1.2 million layoffs occurred in the professional and business services sector, in occupations such as accounting, legal, architectural, engineering, and consulting services. People with construction jobs had the highest layoff risk, with a median of 2.3% of the workforce laid off monthly.
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