According to The Kobeissi Letter, Bloomberg News' story count on job cuts, firings, and layoffs surged to 15,651 last week, marking the highest in over a year. This doubling of reports over three weeks indicates a potential spike in the US unemployment rate, coinciding with significant workforce reductions by DOGE.

According to The Kobeissi Letter, Bloomberg News has reported a significant increase in the number of stories about job cuts, firings, and layoffs, reaching 15,651 last week, the highest in over a year. This spike in reporting coincides with DOGE's announcement of massive layoffs, potentially impacting market sentiment and trading strategies related to employment-sensitive sectors.