According to @KobeissiLetter, US job cut announcements rose 58% year over year in 2025 to 1,206,374, the highest total since 2020 and the second-highest annual reading since 2009 based on Challenger, Gray & Christmas tracking since 1989, source: @KobeissiLetter citing Challenger, Gray & Christmas. The average monthly pace of job cuts exceeded 100,000 for the first time in five years, source: @KobeissiLetter. The government sector led with 308,167 job cuts, followed by technology with 154,445 and warehousing with 95,317, highlighting where traders may focus sector risk and rotation, source: @KobeissiLetter. The author summarized 2025 as a rough year for the US job market, source: @KobeissiLetter.

According to @KobeissiLetter, the gap between Americans saying jobs are plentiful versus hard to get fell to 9.7% in November, near the lowest level in four years (source: @KobeissiLetter). According to @KobeissiLetter, perceptions of the job market have consistently deteriorated over the last three years (source: @KobeissiLetter). According to @KobeissiLetter, this deterioration suggests the US unemployment rate will keep rising, signaling a softer labor market that macro-focused traders monitor for risk sentiment shifts (source: @KobeissiLetter).