Business

Manufacturing Job Cuts and Economic Concerns

Updated 2026-06-23 14:55 UTC 1 source Negative

Despite a better-than-expected manufacturing index, job cuts in June nearly reached levels seen during the financial crisis and pandemic. S&P highlights inventory rebuild as key factor.

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CNBC
Though the firm's manufacturing index ran better than expected for June, it came largely from an inventory rebuild and despite sharp job cuts.
2026-06-23 14:49 UTC
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