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US Annual Layoffs Surpass 1.1 Million in First Breach Since 2020
12/04/2025, 13:07
AI SUMMARY
●US annual layoffs exceed 1.1 million for first time since 2020
●November saw over 71,000 new job cut announcements
●Data indicates potential weakening in the US labor market
US employers announced 71,321 layoffs in November, bringing the total for 2025 to over 1.17 million. This marks the first year since the pandemic lockdowns of 2020 that annual job cuts have exceeded the 1.1 million threshold.
The data indicates a cooling labor market, potentially signaling broader economic shifts as companies adjust their workforce strategies.