S&P: U.S. factory layoffs in June are nearing levels seen during the financial crisis and the COVID-19 pandemic.

```htmlGolden Finance June 24｜S&P Global reported on Tuesday that concerns over global demand and rising costs have led to layoffs in the US manufacturing sector reaching the highest level since the end of the 2009 global financial crisis and the COVID-19 pandemic. Although the institution's manufacturing PMI in June performed better than market expectations, growth was mainly driven by inventory replenishment by enterprises. At the same time, the manufacturing sector has seen significant layoffs. Excluding the large-scale layoffs during the initial outbreak of COVID-19 in 2020, this round of layoffs marks the highest scale since 2009.```