What Layoffs?

Lori Chavez-DeRemer days are numbered. She is pictured with the president and Sean O'Brien, the controversial Teamster president who endorsed him.

The Trump Administration has a high turnover rate. It is on pace to outdo the first term.

Secretary of Labor Lori Chavez-DeRemer, her days are numbered. If the job market is not doing well and more people are unemployed, she will be unemployed.

Since President Donald J. Trump refuses to believe the numbers, the Bureau of Labor Statistics has now fudge the numbers. The numbers are no longer trusted.

Trump will make the case by claiming the job market failures fell on his predecessors Joe Biden and Barack Obama. He will claim this "golden age" is happening despite the bad times.

All of this was self inflicted. 

Announced job cuts from U.S. employers moved further ahead of 1 million for the year in November as corporate restructuring, artificial intelligence and tariffs have helped pare job rolls, consulting firm Challenger, Gray & Christmas reported Thursday.

The firm said layoff plans totaled 71,321 in November, a step down from the massive cuts announced in October but still enough to bring the 2025 total up to 1.17 million. That total is 54% higher than the same 11-month period a year ago and the highest level since 2020, when the Covid pandemic rocked the global economy.

In November, Verizon’s announcement that it would slash more than 13,000 jobs helped drive the total. Tech companies, driven by innovations in artificial intelligence, listed 12,377 reductions, pushing the sector’s 2025 total up 17% from a year ago. AI itself has been cited for 54,694 layoffs this year.

Tariffs were cited as the driver of more than 2,000 cuts in November and nearly 8,000 year to date. The most-cited reason for the month was restructuring, followed by closings and market or economic conditions.

“Layoff plans fell last month, certainly a positive sign. That said, job cuts in November have risen above 70,000 only twice since 2008: in 2022 and in 2008,” said Andy Challenger, workplace expert and chief revenue officer at Challenger, Gray & Christmas.

Challenger also pointed out that since the financial crisis in 2008, companies have shifted away from end-year layoff announcements.

“It was the trend to announce layoff plans toward the end of the year, to align with most companies’ fiscal year-ends. It became unpopular after the Great Recession especially, and best practice dictated layoff plans would occur at times other than the holidays,” said Challenger.

Tis the season to be jolly.

November offered some relief from the more than 153,000 cuts announced in October, which was the highest total for the month in 22 years.

The numbers come with concerns rising over the state of the U.S. labor market.

ADP reported Wednesday that private employers cut 32,000 jobs in November, the biggest decline in more than 2½ years.

Hiring prospects have been dim this year as well, according to the Challenger report. Employers have announced 497,151 planned hires, off 35% from the same point in 2024.

Despite signs of weakness elsewhere, Labor Department data has yet to reflect a surge in layoffs.

The department on Thursday reported that weekly jobless claims unexpectedly tumbled to 191,000, the lowest in more than three years. Official data showed the decline of some 27,000 from the prior week was driven by unusually large drops in California and Texas and likely was influenced by the Thanksgiving holiday.