1 of 1
Story summary
- In November 2025, the retail sector cut 3,290 jobs, a 35% increase from October's 2,431 cuts.
- Year-to-date retail job losses reached 91,954, up nearly 140% from 2024.
- The cuts are linked to softening demand, tariff uncertainty, and changing consumer preferences.
- Overall, U.S. employers cut 71,321 jobs in November, a 24% rise from the previous year.
