October Layoffs Hit 22-Year High Amid Weakening Labor Market, Gov't Shutdown
The US saw its most job cuts in an October in 22 years, as companies increase automation, the nation's labor market weakens, and the federal government shutdown lingers.
Employers announced 153,074 layoffs in October, Challenger, Gray & Christmas said in a report released on Thursday, Nov. 6. That's the highest total for an October since 2003, when 171,874 cuts were recorded.
The outplacement firm said October's job cuts jumped 183% from September and increased 175% from October 2024. Employers have announced 1,099,500 job cuts so far in 2025, up 65% from the fi…
Job Growth Stalls In August As Trump Tariffs Strain Labor Market
The US labor market slowed sharply in August, as President Donald Trump's tariffs, inflation, and lower consumer confidence grip the nation's economy.
There were 22,000 jobs added nationwide in August, the Bureau of Labor Statistics said in a news release on Friday, Sept. 5. The weak numbers mark one of the softest hiring months in recent years, falling well below the Dow Jones estimate of 75,000 new jobs, CNBC reported.
Unemployment also ticked up to 4.3%, its highest level since July 2024. A broader metric, which includes discouraged workers and those with part-time jobs fo…
Home Sales Down, Prices Up Along Fairfield County's Gold Coast
Home sales are down and prices are up along Fairfield County's Gold Coast due to a lack of inventory over the past few years.
The areas most affected by the challenges included Darien, New Canaan, and Rowayton markets, according to Houlihan Lawrence Real Estate Brokerage.
A report released on Tuesday, Jan. 9, said despite the sales decline, median sale prices increased in all three markets by nine percent on average, offering sellers favorable returns.
“Amidst the inventory scarcity, we continue to benefit from the diverse offerings of recreation, cultural amenities, and vibrant …
