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So far this year, employers have announced plans to cut 369,832 jobs, a 35.8% increase from the 272,301 cuts announced in the first seven months of last year. It is the highest seven-month total since 2015, when 393,368 cuts were announced.
Total commercial chapter 11 filings during the first six months of the year (Jan. 1-June 30) increased 5 percent to 2,854 from the 2,716 total filings during the same period in 2018.