Report: Largest monthly job loss since 2003

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Still, Challenger found that for the year through October, employers had announced 488,077 planned hires compared to the 750,333 announced at the same point in 2024 — marking the lowest year-to-date total since 2011. Announced seasonal hiring plans through October were also at their lowest in Challenger’s data dating back to 2012.

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That was private sector. What about government? All those laid-off workers? That can’t have had zero effect. Not even the shutdown, but the permanent layoffs. Shutdown is temporary, so most/all of those workers will eventually go back to work.

I do know my former company (semiconductors) is not hiring. From what I hear, austerity is the word of the day there. We were always tight, but unless things were bad, we had a steady stream of hiring. It’s been a few months, but last I spoke with anyone there, they weren’t replacing people who were leaving (another job, retiring, whatever).

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Private sector job loss: BAD
Government job loss: GOOD

The Captain

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That is such a simplistic view that it doesn’t even merit a robust retort.

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A non-retort is a retort. Reminds me of a good friend and colleague, “The only thing I cannot resist is temptation.” :winking_face_with_tongue:

The good thing about simple is that people get it.

The Captain

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I gather you skipped over the word “robust?” The utter irony of you missing nuance is laugh out loud funny.

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I saw “robust” in my second reading but decided to post anyway. What would a robust retort sound like? “It’s OK to waste taxpayer money when we can’t even afford healthcare? When interest on the debt is larger than many necessary expenditures?”

Antagonist often say, “Humor me!” I guess did. :slightly_smiling_face:

The Captain

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Do you know a worthless government agency?

Immigration and visa department.

This can be 100% eliminated and its budget moved to enforcement and border control.

US is working on that. I think Europe is moving that direction: cut phone lines, customer service and web portals.

Can’t happen soon enough - delete that bureaucracy.

Seems like an extremely lazy oversimplification. You’re better than that.

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If you simply move the budget from one department to another, what savings do you actually accomplish? You are aware that the budget covers salaries for people that process visas - something that of course would still have to happening if it was part of ICE.

Ya, we can completely get rid of the Marines by simply moving the budget of the Marines to the Navy - win?

Hawkwin

Who will remind readers that we consolidated many government agencies after 9/11 under the Dept of Homeland Security - didn’t result in less government.

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Immigration control.

I omitted an /s.

More context:

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Since when is complicated better than simple?

The Captain
Puzzled!

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Wall Street economists had expected the month’s jobs report to show job gains of around 50,000 positions, according to data from Bloomberg…

Data from private sources, which provided some insight during the pause, had suggested the labor market continued to sputter in September, with payroll processor ADP reporting that the private sector shed 29,000 jobs during the month…

The BLS announced on Wednesday that it will not publish the full jobs report for October, citing its inability to adequately collect data during the shutdown. The November jobs report, originally scheduled for release on Dec. 5, will now be published on Dec. 16 and will contain what October data the agency was able to collect.

DB2

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