News

Job Market Stumbles With Steep Rise in Layoffs

Jamie Jackson
December 4, 2025

A hiring sign is displayed at a restaurant in Schaumburg, Ill., April 1, 2022. Employers posted a record 11.5 million job openings in March, more evidence of a tight labor market that has emboldened millions of American workers to leave their jobs and contributed to the biggest surge in inflation in four decades. A record 4.5 million Americans quit their jobs in February — a sign that they are confident they can find better pay or working conditions elsewhere. (AP Photo/Nam Y. Huh)

Reading Time: < 1 minute

(AURN News) — The U.S. job market is showing fresh signs of strain as new data reveals hiring has fallen to its lowest level in 15 years. The latest report from Challenger, Gray & Christmas shows U.S. employers announced 71,321 job cuts in November — a 24% increase from the same month last year, though down from the 153,074 layoffs reported in October.

“Through November, employers have announced 1,170,821 job cuts, an increase of 54% from the 761,358 announced in the first 11 months of last year,” the report said.
Job cuts have now climbed to their highest level since the height of the pandemic. In 2020, companies reported 2,227,725 layoffs through November.

Click play to listen to the AURN News report from Jamie Jackson:

Jamie Jackson is an Emmy-nominated television and radio broadcaster who has served American Urban Radio Networks since 2015. He previously covered the Obama and Trump administrations as a White House Correspondent and Pool Reporter for AURN News. Jamie hosted a national PBS television special in 2023 and over the years has worked as a TV news anchor and local NPR host for stations across the country. His work has been honored by numerous organizations, including the NAACP and the Virginia Farm Bureau.