January 2025 Calendar Horizontally Cut – Changes related to the passage of the Tax Cuts and Jobs Act (TCJA)—which took effect on January 1 will expire in 2025. H&R Block reports that the average tax cut was approximately $1,200 . Overall, U.S.-based employers laid off 83,307 employees in January, 136% more than the previous month. Despite this, the number of jobs cut this month was down 20% from the 102,943 employees laid off .
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