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US Hits Highest Layoffs Since COVID

Airyaman

Airyaman

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Yikes. We may not be in a recession, but there are red flags going up everywhere, but most obvious is the job market. Outside of healthcare, no one is hiring. And now it seems alot of companies are also firing.

www.newsweek.com

US hits highest layoffs since COVID

Layoffs in the U.S. have hit their highest levels since the COVID-19 pandemic, driven by government cuts, restructuring and AI.
www.newsweek.com www.newsweek.com

U.S. layoffs surged in July to their highest level since the early months of the COVID-19 pandemic.

In July, there were 62,075 job cuts announced, according to a report by outplacement firm Challenger,
Gray & Christmas. That's a 29 percent jump from June and 140 percent higher than the 25,885
announced in July 2024.

The July figure is well above the post-pandemic average for the month (23,584 between 2021 and 2024)
and slightly higher than the past decade's July average of 60,398. It pushes the 2025 total to 806,383
layoffs—a 75 percent increase compared with the same period last year and already 6 percent higher
than all of 2024. It's the highest January-to-July figure since 2020, when pandemic shutdowns drove
layoffs above 1.8 million.
Click to expand...
 
Airyaman said:
Yikes. We may not be in a recession, but there are red flags going up everywhere, but most obvious is the job market. Outside of healthcare, no one is hiring. And now it seems alot of companies are also firing.

www.newsweek.com

US hits highest layoffs since COVID

Layoffs in the U.S. have hit their highest levels since the COVID-19 pandemic, driven by government cuts, restructuring and AI.
www.newsweek.com www.newsweek.com
Click to expand...
Wait til Trump's new team gets ahold of things - it'll be "proven" that over 18 million people were hired last month.
 
Airyaman said:
Yikes. We may not be in a recession, but there are red flags going up everywhere, but most obvious is the job market. Outside of healthcare, no one is hiring. And now it seems alot of companies are also firing.

www.newsweek.com

US hits highest layoffs since COVID

Layoffs in the U.S. have hit their highest levels since the COVID-19 pandemic, driven by government cuts, restructuring and AI.
www.newsweek.com www.newsweek.com
Click to expand...
Who the **** is reporting those numbers!? Someone needs to be fired. Everything is fine.
 
The Presidents gambit. Encourage layoffs in the hope of getting interest rates down.

Priceless…..
 
LOL MAGA TAKE THAT LIBS! HAHAH MAGA MAGA MAGA ROFL. THE GOD EMPEROR WANTS YOU ALL UNEMPLOYED HAHAHAHAHA ROFL. MAGA MAGA MAGA.

WHO WANTS WOKE JOBS ANYWAY!!! HAHAHA MAGA MAGA MAGA ROFL.

NOW YOU HAVE MORE TIME TO WATCH FOX NEWS AND PRAY TO YOUR GOD TRUMP HAHAHAHA ROFL MAGA MAGA MAGA MAGA
 
Visbek said:
Inflation bumped up again, so... probably not, unless El Jefe fires a bunch of Fed chairs.
Click to expand...
Well the problem is that the Fed has the dual mandate of managing price stability (inflation) and unemployment. But if both inflation and unemployment are growing, it becomes a difficult system to manage and can drive us into stagflation.
 
Lay offs and with them come surrendered animal.
Shelters are filled.
 
Cope said:
Or pointing the finger at the Fed, who could have helped slow or stop the numbers from falling altogether.
Click to expand...
Haven't heard one single company talk about the interest rates but rather economic uncertainty caused by these ridiculous tariffs but beleive what you need to .
 
ncguy said:
By lowering interest rates and increasing inflation .

The solution is trump stop being an economic moron and getting rid of tarrifs
Click to expand...

IMHO, tariffs should be much more narrowly targeted. I makes no sense to place tariffs on imported tropical agricultural products (e.g. coffee, pineapples, sardines or tuna) which the US has no way of satisfying US demand with domestic production.
 
Unemployment helps keep inflation down. Always a silver lining.
 
Ikari said:
Well the problem is that the Fed has the dual mandate of managing price stability (inflation) and unemployment. But if both inflation and unemployment are growing, it becomes a difficult system to manage and can drive us into stagflation.
Click to expand...
Stagflation may be exactly where we are headed 🤷‍♀️
 
Visbek said:
Inflation bumped up again, so... probably not, unless El Jefe fires a bunch of Fed chairs.
Click to expand...
MAGA hated inflation during Biden’s growing economy; it’ll be fun watching them pretend to love inflation under Trump’s contracting economy.
 
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