Job Cuts Soar Under Trump: Worst Year Since COVID-19 Pandemic
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.
John Q. Hosedrinker