In response to the September U.S. authorities unemployment report, the job market is seeing blended outcomes.
Bureau of Labor Statistics‘ August information confirmed a slight uptick within the unemployment price to 4.3% for the third consecutive month, as employers added simply 22,000 new jobs.
The September numbers have been initially scheduled to be printed on October 3, however the authorities shutdown delayed their launch by 48 days to November 20. As soon as it was launched, the information confirmed that unemployment ticked up once more to 4.4%, regardless of 119,000 new jobs being created within the month.
Jobs information from non-government sources paint an much more regarding image.
On Thursday, Challenger, Grey & Christmas launched their November jobs report, and the information exhibits a struggling U.S. jobs market.
U.S.-based employers introduced 71,321 job cuts in November, based on outplacement consultancy agency Challenger, Grey & Christmas.
The quantity for November 2025 is 24% increased than final yr’s and is the very best for the month since 2022, when employers reduce 76,835 jobs. It’s the eighth time this yr that Challenger’s numbers present a year-over-year enhance.
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However it is not all dangerous information for the U.S. jobs market.
“Layoff plans fell final month, definitely a optimistic signal. That mentioned, job cuts in November have risen above 70,000 solely twice since 2008: in 2022 and in 2008,” mentioned Andy Challenger, office skilled and chief income officer for Challenger, Grey & Christmas.
By way of November, employers have introduced greater than 1.17 million job cuts, a 54% enhance from the 761,358 introduced via the primary 11 months of 2024.
12 months-to-date totals are the very best they have been since 2020, when the Covid pandemic pressured greater than 2.22 million job cuts via November.
2025 is just the sixth yr since 1993 the place job cuts via November have surpassed 1.1 million, based on Challenger information.
Three of the 4 years, excluding 2025 (2020, 2001, and 2009), have been recession years.
Greater than 20,000 layoffs in November have been attributed to restructuring plans. It was the main cause for layoffs.
Retailer closings got here in second with greater than 17,000 layoffs attributed to retailer unit or division closing.
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Synthetic intelligence was cited for six,280 job cuts in November. By way of 11 months, AI is answerable for practically 55,000 job losses. Whereas the quantity is comparatively low, it’s accelerating. Challenger says AI has resulted in fewer than 72,000 layoffs because it started monitoring the statistic in 2023, so most of them occurred this yr.
