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Bernardo de La Paz

(57,436 posts)

4. I don't think 33,000 jobs lost in 2025 compares to tens of millions of jobs lost in 2020

Reply to Cheezoholic (Reply #3)

Wed Jul 2, 2025, 11:19 AM

Jul 2

33,000 out of 138,000,000 is only 0.02 percent.

What is so alarming about the drop in June is not the magnitude of the drop (small) but that it is an abrupt change in direction from the steady rate of job creation in preceding months.

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Summer Lull In June 2025 As Companies Announce Virtually The Same Number Of Cuts As Last Year; Highest Q2, YTD ... [View all] mahatmakanejeeves Jul 2 OP

ADP reported job cuts instead of job growth, 45 minutes later, if I'm understanding it. Bernardo de La Paz Jul 2 #1

I agree. If I'm understanding this correctly, the 2nd quarter job loss in 2020, was the worst since the Depression Cheezoholic Jul 2 #3

I don't think 33,000 jobs lost in 2025 compares to tens of millions of jobs lost in 2020 Bernardo de La Paz Jul 2 #4

Got it. Misunderstood the number. Like I said, I can barely balance a check book lol. Thanx!! n/t Cheezoholic Jul 2 #5

Microsoft announced laying off 9,000 employees, after laying off 6,000 earlier this year. . . . .nt Bernardo de La Paz Jul 2 #2