BREAKING: Dow slides 340 points ahead of Friday's job data
Amazon said Wednesday that it will be cutting about 18,000 positions, the largest amount of layoffs in the company’s history.Amazon's global workforce has 1.5 million employees.A busy morning of economic data coming up Thursday with jobs being a major focus over the next two days.
That 150,000 forecast is less than the 200,000 nonfarm jobs that the Labor Department is expected to say the economy added in December. That comes out Friday morning. Continuing claims, which track the total number of workers collecting unemployment benefits, are expected to slip to 1.708 million, down slightly from a more-than 10-month high the prior week.for November. The monthly deficit in goods and services is expected to narrow to $73.0 billion.The S&P Global’s final services PMI for December will be released. The preliminary reading of 44.
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