U.S. employers posted significantly fewer job openings in November, totaling 7.1 million, which is the lowest number since September 2024. Despite the drop in openings, layoffs also decreased, indicating companies are retaining their employees. These figures suggest a “low-hire, low-fire” job market even as economic growth remains solid, which raises the question of whether hiring will catch up. Key data from the job openings and labor turnover survey indicates a slower labor market with job gains expected to pick up.
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Job cuts in the U.S. have reached a five-year high, with over a million Americans losing their jobs this year, the highest since 2020. November saw 71,321 job cuts, a 24% increase from the previous year, marking the highest for the month since 2022. Experts attribute these cuts to factors such as slowing consumer spending, the implementation of AI and automation, and companies correcting over-hiring practices following the pandemic. As financial uncertainty grows, the importance of financial preparedness and adaptability in the workforce is emphasized.
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October saw U.S. job openings remaining relatively stagnant at 7.7 million, while layoffs surged to nearly 1.9 million, the highest since January 2023, according to the Labor Department’s Job Openings and Labor Turnover Survey (JOLTS). The number of people quitting their jobs also decreased, suggesting businesses might resort to layoffs to control labor costs. These figures reflect a cooling job market influenced by factors such as high interest rates and trade policies. Due to the government shutdown, the October report was delayed, and the unemployment rate for October will be released alongside the November jobs report, with forecasts predicting a rise in the unemployment rate.
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Due to a backlog of school discrimination cases, the Department of Education has requested that hundreds of employees who were laid off months ago temporarily return to work. The agency’s Office for Civil Rights has been significantly reduced, prompting the need to utilize all available resources to address the rising caseload. The directive, outlined in a December 5th email, calls for approximately 250 workers who are currently on administrative leave to assist. Although the department is facing persistent legal challenges, they will utilize all employees currently being compensated by American taxpayers.
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New data indicates a significant rise in layoffs under President Trump’s administration, with over 1.17 million job losses announced in 2025, a rate not seen since the peak of the COVID-19 pandemic. November alone saw 71,321 job losses, representing a 24% increase compared to the previous year. This surge in terminations coincides with Trump’s global tariff campaign, which is thought to be a contributing factor. While there are some positive economic signs, such as a drop in unemployment applications, the trend has been a marked increase in job losses in key sectors, despite the administration’s claims of economic success and job creation.
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HP Inc. announced a global workforce reduction of 4,000 to 6,000 employees by fiscal 2028, primarily impacting product development, internal operations, and customer support teams, with the goal of streamlining operations and leveraging AI. This initiative is expected to generate $1 billion in gross run rate savings over three years. The company is also navigating challenges from rising memory chip prices, driven by increased demand from data centers, anticipating the impact in the second half of fiscal 2026. While Q4 revenue exceeded expectations, HP anticipates adjusted profit per share for fiscal 2026 to be slightly below analyst estimates.
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The Jobs Report Is Canceled. Here’s What Private Data Shows.
With the official jobs report sidelined due to the government shutdown, the focus shifts to private sector data, and the picture it paints isn’t exactly rosy. While the labor market hasn’t cratered, the available information suggests a modest weakening since the summer. It appears we’re in a bit of a holding pattern – not a sharp decline, but certainly not a surge of growth. The situation reminds me of treading water; we’re staying afloat, but not exactly making progress.
The data sources offer a mixed bag. Some reports suggest a slight decline in private-sector employment, while others show a modest rebound.… Continue reading
The US labor market is experiencing a significant downturn, as evidenced by a recent report from Challenger, Gray & Christmas. October saw 153,000 job cuts announced, the highest number since 2003, bringing the total for 2025 to 1.1 million, a level reminiscent of past economic crises. The tech sector is particularly affected, with AI adoption and economic factors contributing to the layoffs. These mass layoffs have sparked concern among Democratic lawmakers who point to the policies of former President Donald Trump as contributing factors to the current economic situation.
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Layoffs in the U.S. surged in October to the highest level in 22 years, with over 153,000 job reductions reported, as companies increasingly adopt AI and tighten budgets. This brings the total layoffs this year to 1.1 million, rivaling those seen during the global financial crisis and the pandemic. Despite President Trump’s assertions about the economy, the report highlights a shift in the labor market. The decline in job security and increased job cuts are politically sensitive and come as voters express their economic concerns, as shown by Democratic victories in recent elections.
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October saw a significant surge in U.S. layoff announcements, with over 153,000 job cuts reported, a 175% increase year-over-year. This marks the highest October increase since 2003, driven by factors like AI adoption, softening spending, and rising costs. While major companies are citing AI as a reason for job cuts, the absence of official economic data due to the government shutdown complicates the assessment of the labor market’s health. Policymakers and investors are relying on alternative data, but the lack of government figures could hinder crucial economic decision-making and potentially impact future interest rate adjustments.
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John Q. Hosedrinker 
Matt Underwood