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US layoffs fall in September but year-to-date planned hiring at lowest in 16 years
US employers announced 54,064 layoffs in September, a 37% monthly drop, while hiring plans remain at the lowest level since 2009 amid economic uncertainty and AI impacts.
- On Oct 2, Challenger, Gray & Christmas reported fewer US layoffs in September and hiring plans this year totalled 204,939, the lowest since 2009.
- Economists attribute the slowdown to President Donald Trump's trade policy, immigration raids, and AI, while Challenger said the federal government announced 299,755 job cuts this year.
- Monthly and annual figures reveal planned job cuts dropped 37% month-on-month to 54,064 in September while year-to-date cuts reached 946,426, the highest since 2020.
- The government shutdown has suspended key economic releases, including the September employment report scheduled for Friday, furloughing 750,000 federal workers and delaying other data.
- With rate cuts on the way, the Federal Reserve cut its overnight rate by 25 basis points to the 4.00%-4.25% range and is weighing another cut later this month.
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US layoffs fall in September but year-to-date planned hiring at lowest in 16 years
U.S. employers announced fewer layoffs in September but hiring plans so far this year were the lowest since 2009, a report said on Thursday, adding to evidence of a labor market standstill as the demand and supply of workers fall because of policy and technology advances.
·United Kingdom
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US hiring plans hit 16-year low as labour market stagnates
US layoffs fell in September, but year-to-date hiring plans hit a 16-year low, signalling a slowing labour market. The government shutdown has stalled key economic data, deepening uncertainty as AI, trade policy and cost pressures reshape employment.
·Mumbai, India
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Employers in the United States scaled back their hiring plans in September and announced fewer job cuts, according to data from outplacement firm Challenger, Gray & Christmas.
·United States
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Total News Sources9
Leaning Left2Leaning Right1Center3Last UpdatedBias Distribution50% Center
Bias Distribution
- 50% of the sources are Center
50% Center
L 33%
C 50%
R 17%
Factuality
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