“Trump put billionaires in charge of everything,” said progressive Congressman Greg Casar. “It’s a disaster.”

The US labor market, which in recent months had ground nearly to a halt, now appears to be entering a downward spiral.

As reported by the Washington Post on Thursday, new data from corporate outplacement firm Challenger, Gray & Christmas found that employers in October announced 153,000 job cuts, which marked the highest number of layoffs in that month since October 2003.

Total announced job cuts in 2025 have now reached 1.1 million, a number that the Post describes as a “recession-like” level comparable to the steep job cuts announced in the wake of the dotcom bust of the early 2000s, the global financial crisis of 2008, and the onset of the Covid-19 pandemic in 2020.

  • Mister Neon@lemmy.world
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    9 days ago

    Trump and Musk took my job. I can’t spend money. The people who relied on my business have less money. There was no program or process for the laid off people to find new jobs.

    The math isn’t hard to figure out.

    • NABDad@lemmy.world
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      9 days ago

      I’m guessing we can’t be in a recession because the people who collect the data that we use to determine when we’re in a recession have all been fired.

  • 800XL@lemmy.world
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    8 days ago

    Why is anyone surprised by this? A fascist aims to destroy an economy so he can blame it his opponents, make promises he can fix it while purging those that actually can

  • CileTheSane@lemmy.ca
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    8 days ago

    a number that the Post describes as a “recession-like”

    You know what’s “recession-like”? A fucking recession.

    And this is before the AI bubble bursts…

  • melsaskca@lemmy.ca
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    8 days ago

    That is what happens when you artfully destroy your own countries economy because you don’t want people to find out you don’t know what you are doing, even when the proof is floating around everywhere.

  • WanderWisley@lemmy.world
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    8 days ago

    “Hey America watch this!” Tank the economy, millions unemployed, millions going hungry. “Who’s still talking about Jeffery Epstein?” “I wanna golden ballroom!”🫲🍊🫱

  • SGGeorwell@lemmy.world
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    9 days ago

    Remember - they’re cruel. They probably enjoy saving money for their patrons and “trimming fat,” despite how they act publicly.