The US added an average of just 3,000 private-sector jobs per month over the last 3 months (ADP data), the slowest pace since the 2020 recession. A year ago, we were adding over 200,000 jobs per month
byu/RobertBartus inEconomyCharts
Wendy’s just announced it’s closing hundreds of U.S. stores.
McDonald’s CEO says the same thing: traffic is collapsing.
That’s not about burgers, it’s about the economy.
When people can’t even afford a $5 meal, it means the consumer engine that drives everything is…
— Jeffrey P. Snider (@JeffSnider_EDU) November 11, 2025
We can keep the government closed until the data improves.
WHITE HOUSE:
– The Shutdown could take away Q4 GDP by 2%
– October CPI and Jobs data will probably never be released pic.twitter.com/BlDT36JdEI
— amit (@amitisinvesting) November 12, 2025
Data must be horrible 😭 pic.twitter.com/BSzss7NKq5
— TT3 (@TradingThomas3) November 12, 2025
Last month marked worst October for layoffs in more than 20 years: Challenger
Technology firms led private-sector job cuts as employers looked to cut costs and address AI.
Last month was the worst October for layoff announcements since 2003 as companies slashed roles to save money, pared back pandemic-era hires, and planned ahead for artificial intelligence, according to the global outplacement firm Challenger, Gray & Christmas.
Employers announced 153,074 cuts last month, compared to 55,597 cuts in October 2024. Last month’s figure was “the highest total for October in over 20 years, and the highest total for a single month in the fourth quarter since 2008,” Andy Challenger, chief revenue officer for Challenger, Gray & Christmas, said in a report Thursday.
Altogether, US firms announced the end of 1,099,500 positions through the first 10 months of this year, up 44% from the 761,358 cuts seen for the entirety of 2024. Technology businesses led private-sector layoffs.
“October’s pace of job cutting was much higher than average for the month,” Challenger said in a statement.