US Layoffs Fall Sharply In November — So Why Are Companies Still Avoiding Hiring?
Bearish
-71.8
Layoffs announced by U.S. employers slowed sharply in November, but companies showed little appetite to add workers, underscoring a labor market that remains stuck in caution mode as firms confront soft demand, tariff pressures, and rising operating costs.
Global outplacement and executive coaching firm Challenger, Gray & Christmas said Thursday that planned cuts fell 53% from October to 71,321, a significant pullback from the prior month’s spike. Still, November's total came in 24% higher than a year earlier, marking the biggest November tally since 2022.
“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 for Challenge
Global outplacement and executive coaching firm Challenger, Gray & Christmas said Thursday that planned cuts fell 53% from October to 71,321, a significant pullback from the prior month’s spike. Still, November's total came in 24% higher than a year earlier, marking the biggest November tally since 2022.
“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 for Challenge
Pulse AI Analysis
Pulse analysis not available yet. Click "Get Pulse" above.
This analysis was generated using Pulse AI, Glideslope's proprietary AI engine designed to interpret market sentiment and economic signals. Results are for informational purposes only and do not constitute financial advice.
