We’re about to enter the retail holiday season. Give it a few more weeks to see the real horror.
Trucking freight volumes, a signal for the goods economy are a dumpster fire right now (-17% YoY) pic.twitter.com/4YPkLJtHdu
— Craig Fuller 🛩🚛🚂⚓️ (@FreightAlley) October 27, 2025
Hiring is at its lowest since 2009.
But we’re still pretending unemployment is under 5%?
Come on. https://t.co/X20OjuoXV7— Amanda Goodall (@thejobchick) October 27, 2025
The very people who claim the U.S. economy is booming are also demanding that the Fed slash interest rates. But if the U.S. economy really is experiencing a boom, why cut rates, which are still relatively low, when inflation is at least 50% above the Fed's 2% target and rising?
— Peter Schiff (@PeterSchiff) October 27, 2025
Companies that have announced layoffs recently:
-UPS 48,000 employees
-Amazon 30,000 employees
-Intel 24,000 employees
-Microsoft 15,000 employees pic.twitter.com/rtlYkhVoQY— Spencer Hakimian (@SpencerHakimian) October 28, 2025
Layoffs across the U.S. this year are at their highest level since 2020, new data shows
Employers across the U.S. cut nearly 950,000 jobs this year through September, the largest number of layoffs since 2020, according to outplacement firm Challenger, Gray & Christmas.
Job cuts could surpass more than 1 million in 2025, the group forecast. The layoffs this year, although elevated, remain well below the massive workforce reductions in 2020, when the pandemic shuttered businesses across the nation, leading to 2 million layoffs through September of that year, Challenger noted.
The rise in layoffs comes as the labor market has stalled in recent months, with employers also sharply scaling back their hiring plans, according to labor data. Companies now expect to bring on 58% fewer workers for the rest of the year compared with their projections a year ago, the firm found.