Job Cuts Surge, Upending Labor Market
Update: 2025-12-05
Description
Job cuts surge in November, marking highest number since 2022, with over seventy-six thousand layoffs announced. This follows a challenging October, with major employers like Amazon contributing to the worst layoff figures since 2003. Small and medium-sized businesses also experienced job losses, as ADP data reveals thirty-two thousand private-sector job losses. The Department of Labor will release official data on job openings, hires, and layoffs for October and November unemployment rate, providing a clearer picture of the economic health.
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