LARGE LAYOFFS
11/05/2025 |
The recent large layoffs by Amazon, Target, UPS and others aren’t necessarily alarming. Perspective is critical. The US labor force numbers almost 171 million. Total job separations exceed five million/month, including a million/month who get fired, and slightly over three million/month who quit. Others include retirees, the furloughed, the RIFed etc. To know labor market health, we minimally need data on hires, wages, hours worked, and that’s all unavailable.