Labor market woes, Trump policy chaos, congressman censured & more
CNN 5 Things
CNN
3.7 • 1.3K Ratings
🗓️ 6 March 2025
⏱️ 7 minutes
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| 0:31.4 | Hi there. From CNN, I'm Aaron Matheson, with the five things you need to know for Thursday, March 6th. |
| 0:40.7 | The U.S. job front is not looking good. |
| 0:45.8 | New data out today shows the labor market saw a recession-level layoff spike last month, |
| 0:48.9 | which includes the massive Trump administration-led cuts. |
| 0:55.7 | In February, U.S.-based employers announced plans to cut more than 172,000 jobs. This is 103% jump from numbers in the same period last year. |
| 0:59.9 | And it's also the highest February total since 2009. |
| 1:03.8 | According to the outplacement firm, Challenger Gray and Christmas, the hardest hit sector |
| 1:07.7 | was in the government, where over 62,000 jobs were slashed as part of a |
| 1:12.0 | cost-saving strategy from the Department of Government Efficiency, or Doge, which also cut federal |
| 1:17.5 | spending and contracts. And the Doge effect was not limited to the public sector. Retail, technology, |
| 1:24.2 | and consumer products also felt the burn. CNN's Alicia Wallace has more. |
| 1:28.5 | Thank you, Erin. Now while this adds to a growing batch of potentially worrisome economic |
| 1:33.0 | data, overall unemployment remains low and the economy is still growing. We'll get some fresh |
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