Job Layoffs Hit Highest Since Covid-19 and are a whopping 54 percent higher than last year

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Cypress

Well-known member

Layoffs Hit Highest Since Covid-19 Even as Trump Brags About Economy​

Layoffs are a whopping 54 percent higher than last year

The U.S. economy has seen 1.1 million layoffs this year—the most since the Covid-19 pandemic—even as President Donald Trump constantly proclaims us to be the “hottest country anywhere in the world.”

Consulting firm Challenger, Gray & Christmas reported Thursday that there were 71,321 layoffs in November. This brings the year’s total up to 1.17 million, which is a whopping 54 percent higher than last year and the highest layoffs have been since the pandemic hit the economy in 2020. Employers have also seen a 35 percent decrease in hires from last year.

This negative economic news comes as new Politico polling shows that nearly half the country thinks that the cost of living is the worst they’ve ever seen—and they hold Trump directly responsible for it.

newrepublic.com

Layoffs Hit Highest Since Covid-19 Even as Trump Brags About Economy

Donald Trump insists the economy is doing well. The data shows otherwise.
newrepublic.com newrepublic.com
 
Cypress said:

Layoffs Hit Highest Since Covid-19 Even as Trump Brags About Economy​

Layoffs are a whopping 54 percent higher than last year

The U.S. economy has seen 1.1 million layoffs this year—the most since the Covid-19 pandemic—even as President Donald Trump constantly proclaims us to be the “hottest country anywhere in the world.”

Consulting firm Challenger, Gray & Christmas reported Thursday that there were 71,321 layoffs in November. This brings the year’s total up to 1.17 million, which is a whopping 54 percent higher than last year and the highest layoffs have been since the pandemic hit the economy in 2020. Employers have also seen a 35 percent decrease in hires from last year.

This negative economic news comes as new Politico polling shows that nearly half the country thinks that the cost of living is the worst they’ve ever seen—and they hold Trump directly responsible for it.

newrepublic.com

Layoffs Hit Highest Since Covid-19 Even as Trump Brags About Economy

Donald Trump insists the economy is doing well. The data shows otherwise.
newrepublic.com newrepublic.com
Click to expand...
Great. Trump is thinning out the government bloat.
 
Cypress said:

Layoffs Hit Highest Since Covid-19 Even as Trump Brags About Economy​

Layoffs are a whopping 54 percent higher than last year

The U.S. economy has seen 1.1 million layoffs this year—the most since the Covid-19 pandemic—even as President Donald Trump constantly proclaims us to be the “hottest country anywhere in the world.”

Consulting firm Challenger, Gray & Christmas reported Thursday that there were 71,321 layoffs in November. This brings the year’s total up to 1.17 million, which is a whopping 54 percent higher than last year and the highest layoffs have been since the pandemic hit the economy in 2020. Employers have also seen a 35 percent decrease in hires from last year.

This negative economic news comes as new Politico polling shows that nearly half the country thinks that the cost of living is the worst they’ve ever seen—and they hold Trump directly responsible for it.

newrepublic.com

Layoffs Hit Highest Since Covid-19 Even as Trump Brags About Economy

Donald Trump insists the economy is doing well. The data shows otherwise.
newrepublic.com newrepublic.com
Click to expand...
This explains why Trump fired the head of BLS. Weird!

Trump fires BLS commissioner after bad jobs report​

President Trump on Friday directed his team to fire the commissioner of the Bureau of Labor Statistics following a dismal jobs report he blamed squarely on the appointee of former President Biden.

Trump said on Truth Social that the commissioner, Erika McEntarfer, had “faked the Jobs Numbers” before the 2024 election in order to boost former Vice President Kamala Harris’s White House bid.


An administration official later confirmed the firing.

Trump cited labor statistics revisions during the Biden administration that boosted job numbers ahead of the election. The jobs report released Friday showed a significant downturn during Trump’s administration in May and June, indicating the U.S. added 258,000 fewer jobs over those months than had initially been reported.
 
Lionfish said:
Great. Trump is thinning out the government bloat.
Click to expand...

Trump causes private companies to shed jobs:​

November private payrolls unexpectedly fell by 32,000, led by steep small business job cuts, ADP reports​

The U.S. labor market slowdown intensified in November as private companies cut 32,000 workers, with small businesses hit the hardest, payrolls processing firm ADP reported Wednesday

Larger businesses, entailing companies with 50 or more employees, actually reported a net gain of 90,000 workers. However, establishments with fewer than 50 saw a decline of 120,000.


 
Cypress said:

Trump causes private companies to lose jobs:​

November private payrolls unexpectedly fell by 32,000, led by steep small business job cuts, ADP reports​

The U.S. labor market slowdown intensified in November as private companies cut 32,000 workers, with small businesses hit the hardest, payrolls processing firm ADP reported Wednesday

Larger businesses, entailing companies with 50 or more employees, actually reported a net gain of 90,000 workers. However, establishments with fewer than 50 saw a decline of 120,000.


Click to expand...
The Trump administration will be seen as the worst thing to happen to America decades. His MAGAts will go down in shame.
 
Dutch Uncle said:
This explains why Trump fired the head of BLS. Weird!

Trump fires BLS commissioner after bad jobs report​

President Trump on Friday directed his team to fire the commissioner of the Bureau of Labor Statistics following a dismal jobs report he blamed squarely on the appointee of former President Biden.

Trump said on Truth Social that the commissioner, Erika McEntarfer, had “faked the Jobs Numbers” before the 2024 election in order to boost former Vice President Kamala Harris’s White House bid.


An administration official later confirmed the firing.

Trump cited labor statistics revisions during the Bidenadministration that boosted job numbers ahead of the election. The jobs report released Friday showed a significant downturn during Trump’s administration in May and June, indicating the U.S. added 258,000 fewer jobs over those months than had initially been reported.
Click to expand...

Vlad Putin could take pointers from Trump on how to act like a dictator.
 
Cypress said:

Layoffs Hit Highest Since Covid-19 Even as Trump Brags About Economy​

Layoffs are a whopping 54 percent higher than last year

The U.S. economy has seen 1.1 million layoffs this year—the most since the Covid-19 pandemic—even as President Donald Trump constantly proclaims us to be the “hottest country anywhere in the world.”

Consulting firm Challenger, Gray & Christmas reported Thursday that there were 71,321 layoffs in November. This brings the year’s total up to 1.17 million, which is a whopping 54 percent higher than last year and the highest layoffs have been since the pandemic hit the economy in 2020. Employers have also seen a 35 percent decrease in hires from last year.

This negative economic news comes as new Politico polling shows that nearly half the country thinks that the cost of living is the worst they’ve ever seen—and they hold Trump directly responsible for it.

newrepublic.com

Layoffs Hit Highest Since Covid-19 Even as Trump Brags About Economy

Donald Trump insists the economy is doing well. The data shows otherwise.
newrepublic.com newrepublic.com
Click to expand...
Layoffs are occurring in Democrat controlled areas and in government.

You can blame high taxes, restructuring in high tech (due to AI), and abusive pricing practices (which is killing Las Vegas), and of course companies getting hit with problems and fines concerning illegal aliens.

Anywhere else is either stable or hiring.
Trades are in particular hiring.

DEMOCRATS also caused the Covid Hoax and the resulting economic depression from that, which lasted five years.
 
Cypress said:

Layoffs Hit Highest Since Covid-19 Even as Trump Brags About Economy​

Layoffs are a whopping 54 percent higher than last year

The U.S. economy has seen 1.1 million layoffs this year—the most since the Covid-19 pandemic—even as President Donald Trump constantly proclaims us to be the “hottest country anywhere in the world.”

Consulting firm Challenger, Gray & Christmas reported Thursday that there were 71,321 layoffs in November. This brings the year’s total up to 1.17 million, which is a whopping 54 percent higher than last year and the highest layoffs have been since the pandemic hit the economy in 2020. Employers have also seen a 35 percent decrease in hires from last year.

This negative economic news comes as new Politico polling shows that nearly half the country thinks that the cost of living is the worst they’ve ever seen—and they hold Trump directly responsible for it.

newrepublic.com

Layoffs Hit Highest Since Covid-19 Even as Trump Brags About Economy

Donald Trump insists the economy is doing well. The data shows otherwise.
newrepublic.com newrepublic.com
Click to expand...

Yet unemployment remains at near record lows.
 
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