U.S. Job Losses Rise Amid DOGE Price Drop

U.S. employers are significantly reducing jobs this year due to tariff uncertainties, government spending cuts, and cost-reduction efforts led by DOGE, with nearly 700,000 layoffs in the first five months and the services sector experiencing the highest cuts in five years. Despite weaker jobless claims, the labor market remains under pressure, influencing bond yields and Federal Reserve rate expectations.