Layoffs in U.S. are at their highest level since 2020
8 hours ago
- #layoffs
- #labor-market
- #economy
- U.S. layoffs in 2025 reached nearly 950,000 through September, the highest since 2020.
- Job cuts may exceed 1 million in 2025, though still below pandemic-era levels.
- Labor market slowdown noted, with hiring plans reduced by 58% compared to last year.
- Government shutdown could lead to additional layoffs, affecting federal agencies.
- September job cuts dropped 37% from August, signaling a potential easing in layoffs.
- Federal Reserve cut interest rates by 0.25% due to labor market concerns, with more cuts expected.
- Lower interest rates may help stabilize the job market by encouraging business expansion.