Layoffs Hit Record High

New Republic - The U.S. economy has seen 1.1 million layoffs this year—the most since the Covid-19 pandemic—even as President Donald Trump constantly proclaims us to be the “hottest country anywhere in the world.” 

Consulting firm Challenger, Gray & Christmas reported Thursday that there were 71,321 layoffs in November. This brings the year’s total up to 1.17 million, which is a whopping 54 percent higher than last year and the highest layoffs have been since the pandemic hit the economy in 2020. Employers have also seen a 35 percent decrease in hires from last year.