Lies About Jobs vs Layoffs

The Bureau of Labor Statistics (BLS) will not likely publish job data again this year due to the government shutdown.  But more likely it’s because the jobs vs layoffs report is dismal at best.

And for some strange reason (Cough! Fear of Economic Upheaval, Cough!) the Federal Reserve’s preferred gauge of the US workforce is unavailable.

We think they are lying.

But maybe it has something to do with the fact that the US workforce saw a brief bump in hiring this October, coupled with a steep rise in firings. 

In fact, layoffs in October were the highest they’ve been in over 22 years.

That’s right…22 Years.

But how many of the Presstitutes are reporting it?

Fortunately, we do have independent data from the ADP and outplacement services company Challenger, Gray & Christmas.

Let’s look at their findings.

• ADP estimates that employers brought on 42,000 new employees last month, exceeding expectations.
• Mega corporations led in new hires for the month.
• Trade, transportation, and utilities added 47,000 new jobs, followed by education and health care at 25,000.
• Professional business services experienced a 15,000 loss, information positions were cut by 17,000, and leisure and hospitality shed 5,000 jobs.

Jobs vs Layoffs

Meanwhile (and flying under the radar) Challenger, Gray & Christmas found that:

• Firings in October peaked at a 22-year high.
• Job cuts for the month surged 183% from September to 153,074, also marking a 175% annual rise.
• This is the highest reading for layoffs in October since 2003. The agency found that 2025 has seen the steepest layoffs since the Great Recession era of 2009.
• Nonprofit agencies shed 27,651, a 419% annual rise.
• The agency reported that 33,281 jobs in the tech sector – an area that is rapidly shrinking – saw total layoffs coming in six times higher than in September.
• There have been over 1.1 million layoffs in 2025, a 65% increase from the same time period in 2024.

Ironically (Or NOT) our economy has not seen such a “softening” since the world shutdown in 2020.

Again, fling under the radar, tech companies have been consistently laying off employees since late 2022.

And the rapid rise of artificial intelligence adoption has fueled some of the most recent layoffs in the industry.

So, is it any wonder why the government is reluctant to show us these numbers?

Unfortunately, with the increased emphasis on AI, this the beginning of a trend from which we will see more companies continue to downsize in 2026.

And don’t be surprised when you heat Wall Street continue to pound the table about why you should buy more AI stocks.

It’s how they get you to Zig while they Zag.

Don’t take the bait.

Instead, look for alternatives to AI stocks in our upcoming November newsletter (HERE).

Share this with a friend…especially if they tell you “This Time is Different.”  They’ll thank YOU later.

And tell them:

We’re Not Just About Finance

But we use finance to give you hope.

“And you shall know the truth, and the truth shall make you free.”

~John 8:32~