Your Money Minute Most Job Cuts In Five Years 10/20/25
Oct 20, 2025
In a concise analysis, job cuts have surged by 55% this year, marking the highest wave since 2020. Proprietary data from Carlyle suggests flat employment growth, highlighting a troubling trend. Additionally, September hiring figures were dismal, revealing a mere 17,000 new jobs, indicating potential challenges ahead in the labor market. This deep dive into current employment dynamics uncovers the unsettling reality of job stability.
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Unusually High Job Cuts This Year
- Job cuts are up 55% year-over-year, marking the highest level since 2020.
- Challenger Gray and Christmas data show this surge typically appears during recessions or major disruption.
Private Data Fills Jobs-Report Gaps
- The labor market slowdown is visible but official data gaps exist due to the government shutdown.
- Firms like Carlyle and ADP provide alternate data showing little or negative hiring in September.
September Hiring Was Nearly Flat
- Carlyle's proprietary numbers showed essentially flat employment in September, with only 17,000 new jobs projected.
- ADP reported a private-sector loss of 32,000 jobs, aligning with weak hiring indicators.