Back to today’s briefing

Story perspectives

Job Cuts Surge to Highest Since 2009 Amid Stability

4/3/2025

25 4

Summary

Story summary

In March, U.S. employers reported 275,240 job cuts, the highest since 2009, mainly in the federal sector.
Job cuts in Q1 2025 surged by 205% compared to last year, marking the highest level since Q1 2009.
Unemployment claims decreased to 219,000, suggesting stability in the labor market amid economic concerns.
The unemployment rate is expected to rise to 4.2% in March, with job growth slowing to approximately 125,000.

1 of 1

Story summary

In March, U.S. employers reported 275,240 job cuts, the highest since 2009, mainly in the federal sector.
Job cuts in Q1 2025 surged by 205% compared to last year, marking the highest level since Q1 2009.
Unemployment claims decreased to 219,000, suggesting stability in the labor market amid economic concerns.
The unemployment rate is expected to rise to 4.2% in March, with job growth slowing to approximately 125,000.