The Great American Employment Collapse Has Commenced

[Alpha84]

Making America Great Again?
 

A report by global outplacement firm Challenger, Gray & Christmas released Thursday said that planned job cuts surged 245% in February to 172,017 last month. That's the highest level since July 2020, when the economy was reeling from restrictions related to the COVID pandemic, and the highest total for February since the Great Recession in 2009.

 

Source:

 

https://www.foxbusiness.com/economy/us-job-cuts-surge-245-february-federal-government-layoffs

 

https://www.reuters.com/markets/us/us-announced-job-cuts-surge-245-february-federal-government-layoffs-2025-03-06/

[Harrisfan]

Interesting topic. Same as Terrance.

[Lacessit]

The inevitable consequence of two madmen in the White House.

 

Think there is wealth inequity now? It's going to get much worse.

[Alpha84]

1 minute ago, Harrisfan said:

Interesting topic. Same as Terrance.

Thank you for pointing that out Susan, I mean BigNok, I mean Harris the stalker, oh, never mind.

[Alpha84]

4 minutes ago, Lacessit said:

The inevitable consequence of two madmen in the White House.

 

Think there is wealth inequity now? It's going to get much worse.

This month, the unemployment rate in America ticked up to 4.1%. Next month, it's likely to exceed that, which will raise the unemployment level in America to the highest it's been since the Covid crash. Homelessness should increase too. Making America Gutted Again!

[spidermike007]

If anybody questioned Trump's sanity prior to the election, I think the last six weeks have made it abundantly clear that the man is completely unhinged, has horrific policy, is being poorly advised, is not intelligent at all, and knows nothing about globalization, tariffs, nor the global economy. 

 

He seems hellbent on absolutely gutting the US economy, and perhaps taking the world down with it. He and the crazy superfreak Musk are both very dangerous. 

 

 

[Lacessit]

3 minutes ago, Alpha84 said:

This month, the unemployment rate in America ticked up to 4.1%. Next month, it's likely to exceed that, which will raise the unemployment level in America to the highest it's been since the Covid crash. Homelessness should increase too. Making America Gutted Again!

I posted on another thread about Kentucky losing $1 billion in liquor sales.

 

That affects the farmers who grow the corn, the employees who make the bourbon, the industry that makes the glass bottles, the truckers who haul the finished product across the Canadian border.

 

Job cuts all round.

[Alpha84]

6 minutes ago, Lacessit said:

I posted on another thread about Kentucky losing $1 billion in liquor sales.

 

That affects the farmers who grow the corn, the employees who make the bourbon, the industry that makes the glass bottles, the truckers who haul the finished product across the Canadian border.

 

Job cuts all round.

Yes and it's only going to get worse too as you said. Trump has paused the tariffs on Canada for another month, but Canada has not paused any of their reciprocal tariffs on the US.
 

Meanwhile, Canada buys more US exports than China, Japan, and a number of other countries combined. Canadians have already started boycotting a number of American products. Even if Trump flip-flops on his tariffs, and never really puts them into effect on Canada, the damage is already done.
 

Canadian sentiment has already shifted and unlikely to shift back until Trump is out of office. Plus, his rhetoric about making Canada the 51st state and taking away its sovereignty is only souring sentiment even more. Always winning!

[jvs]

26 minutes ago, Alpha84 said:

This month, the unemployment rate in America ticked up to 4.1%. Next month, it's likely to exceed that, which will raise the unemployment level in America to the highest it's been since the Covid crash. Homelessness should increase too. Making America Gutted Again!

The numbers shown are only to half of February,it will get a lot worse.

Soon the MM's will get tired of winning!

[Alpha84]

5 minutes ago, jvs said:

The numbers shown are only to half of February,it will get a lot worse.

I wonder if the cost of the massive number of people, who will soon be applying for unemployment benefits, will eventually break the system? 

[Alpha84]

Uh-oh?

 

 

[jvs]

7 minutes ago, Alpha84 said:

I wonder if the cost of the massive number of people, who will soon be applying for unemployment benefits, will eventually break the system? 

Clearly something that was not thought about at all!

Or maybe Trump will say that those people will get nothing as long as there are other jobs they can do,like working on a farm and pick crops.

The MAGA dream is slowly turning into a nightmare.

So much damage because of one old mean narcissist .

How can a country let this happen?

 

[NoDisplayName]

1 hour ago, Alpha84 said:

Making America Great Again?

 

Strange, you din't mention the elephant in the outhouse......

 

Government accounted for the bulk of layoffs, with Challenger tracking 62,242 announced job cuts by the federal government from 17 different agencies. The government has laid off about 62,530 workers in the first two months of the year, a whopping 41,311% increase compared to the same period in 2024.

 

Keep up the good work!

Who's a good Doge!!!!!

[Alpha84]

1 minute ago, jvs said:

Clearly something that was not thought about at all!

Or maybe Trump will say that those people will get nothing as long as there are other jobs they can do,like working on a farm and pick crops.

 

Yes, absolutely not thought about at all. At least, before all of those federal workers were laid off, they were working for their money. Now they will still be living off the government, but staying home and not working for it at all.
 

Perhaps his next move will be to cripple and gut the Department of Labor so that they don't have enough staff to process and pay out unemployment benefits. 

Apparently, the federal layoffs have only just gotten started, and the numbers are going to increase exponentially. 

[Harrisfan]

Just now, Alpha84 said:

 

Yes, absolutely not thought about at all. At least, before all of those federal workers were laid off, they were working for their money. Now they will still be living off the government, but staying home and not working for it at all.
 

Perhaps his next move will be to cripple and gut the Department of Labor so that they don't have enough staff to process and pay out unemployment benefits. 

Apparently, the federal layoffs have only just gotten started, and the numbers are going to increase exponentially. 

Good go Trump. Cut the waste.

[bubblegum]

You see the images of 47 signing orders after orders without having the faintest idea what they say. Clearly project 2025 is running the show.

[bubblegum]

1 minute ago, Harrisfan said:

Good go Trump. Cut the waste.

Wow the IQ on this thing is terrifying.

[ronnie50]

46 minutes ago, Alpha84 said:

Canadian sentiment has already shifted and unlikely to shift back until Trump is out of office. Plus, his rhetoric about making Canada the 51st state and taking away its sovereignty is only souring sentiment even more. Always winning!

I read today or yesterday that, in response to Trump's tarriffs, the premier of Ontario (the guy threatening to turn off the power to Northeast US) plans to go ahead full throttle, even though Trump offered another one month pause. It will badly affect the electricity grids of Minnessota, Michigan and New York States.

[Alpha84]

Just now, bubblegum said:

You see the images of 47 signing orders after orders without having the faintest idea what they say. Clearly project 2025 is running the show.

They just tell him that he is signing off on invoices to order more of his diapers, another fresh stock of MAGA hats from China, a lifetime supply of orange-tinted face paint, an executive order officially recognizing ketchup as the national vegetable, and a pardon for himself, just in case. Then he just signs away, nodding like he actually read a word of it.

[Harrisfan]

13 minutes ago, NoDisplayName said:

 

Strange, you din't mention the elephant in the outhouse......

 

Government accounted for the bulk of layoffs, with Challenger tracking 62,242 announced job cuts by the federal government from 17 different agencies. The government has laid off about 62,530 workers in the first two months of the year, a whopping 41,311% increase compared to the same period in 2024.

 

Keep up the good work!

Who's a good Doge!!!!!

Yes, they can go get a private sector job.

[ronnie50]

6 minutes ago, Harrisfan said:

Yes, they can go get a private sector job.

Unlikely. The federal government firings and shutdowns of whole departments will mean the US private sector suppliers will need to lay off staff and cut back, that will then affect their suppliers and so on. Likewise, the trade war Trump started with the US' largest trading partner Canada (and Mexico), will result in layoffs on both sides of the border, possibly business failures, and a downward cycle to recession in both countries (if not worse), as expendable income of families dries up and prices shoot up at the same time. 

[Harrisfan]

1 minute ago, ronnie50 said:

Unlikely. The federal government firings and shutdowns of whole departments will mean the US private sector suppliers will need to lay off staff and cut back, that will then affect their suppliers and so on. Likewise, the trade war Trump started with the US' largest trading partner Canada (and Mexico), will result in layoffs on both sides of the border, possibly business failures, and a downward cycle to recession in both countries (if not worse), as expendable income of families dries up and prices shoot up at the same time. 

None of which will happen.

[NoDisplayName]

2 minutes ago, ronnie50 said:

The federal government firings and shutdowns of whole departments will mean the US private sector suppliers will need to lay off staff and cut back, that will then affect their suppliers and so on.

 

You say this like it's a bad thing.

 

$36.5 Trillion in debt, plus another $120 Trillion or so in unfunded liabilities.

 

Time to stop blowing $Millions turning frogs trans.

 

https://www.usdebtclock.org/

[Harrisfan]

13 minutes ago, ronnie50 said:

I read today or yesterday that, in response to Trump's tarriffs, the premier of Ontario (the guy threatening to turn off the power to Northeast US) plans to go ahead full throttle, even though Trump offered another one month pause. It will badly affect the electricity grids of Minnessota, Michigan and New York States.

So he wants to send Canada broke. What an idiot.

[bubblegum]

27 minutes ago, NoDisplayName said:

 

You say this like it's a bad thing.

 

$36.5 Trillion in debt, plus another $120 Trillion or so in unfunded liabilities.

 

Time to stop blowing $Millions turning frogs trans.

 

https://www.usdebtclock.org/

Debt made by who?

[johng]

1 hour ago, Lacessit said:

the truckers

 

The Truckers love Trudeau  🤬

[dinsdale]

For very action there is an equal or opposite reaction. The swamp is being drained.

[TedG]

2 hours ago, Lacessit said:

The inevitable consequence of two madmen in the White House.

 

Think there is wealth inequity now? It's going to get much worse.

Why is inequity bad?

[jts-khorat]

2 hours ago, Alpha84 said:

Yes and it's only going to get worse too as you said. Trump has paused the tariffs on Canada for another month, but Canada has not paused any of their reciprocal tariffs on the US.
 

Meanwhile, Canada buys more US exports than China, Japan, and a number of other countries combined. Canadians have already started boycotting a number of American products. Even if Trump flip-flops on his tariffs, and never really puts them into effect on Canada, the damage is already done.

 

I am coming more and more to the conclusion, that having world powers is not a good thing for average citizens.

 

This was made quite clear by Putin, but after only six weeks in office, I am more and more sure, that Trump is actually as big of an enemy to democracy as his two dictator chums in Moscow and Beijing.

 

By now I would welcome the dismantling not just of Russia and China, but of the USA as well. This obviously is not possible  militarily, but if the US economy is hit hard enough, the country might just disintegrate in its 50 statelets.

 

I for one have started to boycott any American goods, the one action I can make perosnally to get this moving along.

[Mike_Hunt]

Just now, jts-khorat said:

 

I am coming more and more to the conclusion, that having world powers is not a good thing for average citizens.

 

This was made quite clear by Putin, but after only six weeks in office, I am more and more sure, that Trump is actually as big of an enemy to democracy as his two dictator chums in Moscow and Beijing.

 

By now I would welcome the dismantling not just of Russia and China, but of the USA as well. This obviously is not possible  militarily, but if the US economy is hit hard enough, the country might just disintegrate in its 50 statelets.

 

I for one have started to boycott any American goods, the one action I can make perosnally to get this moving along.

I don't care if you boycott US goods.  You are irrelevant.