U.S. job losses last month saw the worst October in 22 years, according to a new jobs report from Challenger, Gray & Christmas. Job losses in October 2025 were 175% higher than job losses in October 2024, the sharpest decline in over two decades.
The report noted at least 1.1 million announced private sector layoffs so far this year, which experts said is more typical of an economy in recession. The annual figures, as of October, are currently on par with U.S. job losses during the 2008-2009 global financial crisis, according to The Washington Post.
Download the SAN app today to stay up-to-date with Unbiased. Straight Facts™.
Point phone camera here
Experts cited a wide range of issues leading to the decline, including lower consumer and corporate spending, new tariffs, reduced federal spending, higher market volatility and rising costs for production and distribution. Industry analysts also cited the rise of automation and AI technologies as additional long-term factors.
