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Economy

Economic Data (USA)

Thursday, December 04, 2025

Challenger Job Cuts Report for NOVEMBER 2025

The global outplacement consultancy Challenger, Gray and Christmas, Inc. released its job cuts report, for November, 2025:

-------------------------------

Job Cuts Announced During November 2025: 71,321

  • Previous Month: 153,074
  > Change from previous month: -53.41% (-81,753 cuts)

--------------

  • One-Year Previous: 57,727
 > Change from one-year previous: +23.55% (+13,594 cuts)


===================

From Today's Report:

"...WHY ARE COMPANIES CUTTING IN 2025?

In November, Restructuring led all reasons with 20,217 for a total of 128,255 in 2025. Store, unit, or department Closing accounted for 17,140 in November, and 178,531 for the year.

Artificial Intelligence (AI) was cited for 6,280 cuts in November. So far this year, AI is responsible for 54,694 layoff plans. Since 2023, when this reason was first cited, AI has led to 71,683 job cut announcements.

Market and Economic Conditions were cited for 15,755 job cuts in November. So far this year, 245,086 job cuts have been attributed to market and/or economic conditions. 
Tariffs have been cited for 7,908 job cuts this year with 2,061 occurring in November.

Though the Department of Government Efficiency (
DOGE) has not been the cause of job cut announcements in two months, “DOGE Impact” remains the leading reason for job cut announcements in 2025, cited in 293,753 planned layoffs so far this year. This includes direct reductions to the Federal workforce and its contractors.

An additional 20,976 cuts have been attributed to 
DOGE Downstream Impact, which reflects the loss of federal funding to private and non-profit entities..."
 ================
 
If corporate layoffs are high, consumer spending may decline, since there would be fewer people with steady jobs.

When corporate layoffs are low, this can mean that the job market is relatively tight, which can be a harbinger of wage inflation.

================

Job Cuts - Month-by-Month Totals NOVEMBER 2025 UPDATE Copyright © Challenger, Gray and Christmas, Inc.
 Job Cuts - Month-by-Month Totals
NOVEMBER 2
025 UPDATE
Copyright © Challenger, Gray and Christmas, Inc.

================

=================

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New Unemployment Insurance Claims for The Week of November 29, 2025

Jobless Claims
Jobless Claims

Earlier today, the Labor Department released its weekly report on New Jobless Insurance Claims for the week that ended on November 29, 2025:

====================

Predicted: 220,000

  • Actual: 191,000
====================

The yellow-highlighted figure represents the number of first-time claims for unemployment benefits for the entire United States. The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.

 --> Previous Week (revised): 218,000

  • 4-Week Moving Average: 214,750

====================

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Wednesday, November 26, 2025

New Unemployment Insurance Claims for The Week of November 22, 2025

Jobless Claims
Jobless Claims

Earlier today, the Labor Department released its weekly report on New Jobless Insurance Claims for the week that ended on November 22, 2025:

====================

Predicted: 220,000

  • Actual: 216,000
====================

The yellow-highlighted figure represents the number of first-time claims for unemployment benefits for the entire United States. The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.

 --> Previous Week (revised): 222,000

  • 4-Week Moving Average: 223,750

====================

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Thursday, November 20, 2025

New Unemployment Insurance Claims for The Week of November 15, 2025

Jobless Claims
Jobless Claims

Earlier today, the Labor Department released its weekly report on New Jobless Insurance Claims for the week that ended on November 15, 2025:

====================

Predicted: 220,000

  • Actual: 220,000
====================

The yellow-highlighted figure represents the number of first-time claims for unemployment benefits for the entire United States. The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.

 -->  Previous Week: 228,000

  • 4-Week Moving Average: 224,250

====================

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Employment Situation Report for SEPTEMBER 2025

The Employment Situation Report for September, 2025 was released by The Department of Labor's Bureau of Labor Statistics this morning:

Nonfarm Payrolls (month-to-month change)
Actual: +119,000
Previous Month (revised): -4,000
One Year Previous: +240,000

U-3 Unemployment Rate (Headline)
Actual: 4.4%
Previous Month: 4.3%
12-Months Previous: 4.1%

U-6 Unemployment Rate*
Actual: 8.0%
Previous Month: 8.1%
12-Months Previous: 7.7%

Average Hourly Earnings (month-to-month change)
Predicted: +0.3%
Actual: +0.25% (+$0.09)

Average Hourly Earnings (year-on-year change)
Predicted: +3.5%
Actual: +3.79% (+$1.34)

Average Weekly Earnings (month-to-month change)
Actual: 
+0.25% (+$3.07)

Average Weekly Earnings (year-on-year change)
Actual: +3.79% (+$45.82)

Civilian Labor Force Participation Rate: 62.4%
Previous Month: 62.3%
12 Months Previous: 62.7%

Average Weekly Hours: 34.2 hours
Previous Month (revised): 34.2 hours
One Year Previous: 34.2 hours

Economist, academics, central bankers and investors pay very close attention to the monthly Employment Situation report as it offers penetrating insight as to the current and near-future state of the overall U.S. economy. If a) Americans are earning more money and b) the economy is creating new jobs, this typically translates to more money being pumped into the economy (and vice versa.)

The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.

===================

CHART: Civilian Unemployment Rate SEPTEMBER 2005 THRU SEPTEMBER 2025
CHART: Civilian Unemployment Rate
SEPTEMBER 2005 THRU SEPTEMBER 2025
   ===================

 * =  The U-6 Unemployment Rate is defined as:

"Total unemployed, plus all persons marginally attached to the labor force, plus total employed part time for economic reasons, as a percent of the civilian labor force plus all persons marginally attached to the labor force."

===================


===================

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Wednesday, November 12, 2025

NFIB Small Business Optimism Index (SBOI) for OCTOBER 2025

The National Federation of Independent Business® (NFIB®) released its Small Business Optimism Index (SBOI) for October 2025:
=========

Predicted: 98.5
  • Actual: 98.2

----------------

  • Change from Previous Month: -0.61% (-0.6 point.)
  • Change from A Year Ago: +4.8% (+4.5 points.)

=========

CHART: NFIB Small Business Optimism Index - OCTOBER 2025 Update
CHART: NFIB Small Business Optimism Index
OCTOBER 2025 Update 

=========

  • The baseline "100" score is associated with 1986 survey data.
=========
 
From the Report:
 
"...OVERVIEW
Uncertainty, while lower than in September, remained high. The upcoming elections (Oct. Survey) and government shutdown likely played a role. Small business owners were reasonably optimistic at the start of the year (Optimism Index at 102.8), but it has been a downhill slide through the last nine or so months with the current reading closing in on the 52-year average of 98. Foreign policy dominates the headlines, with a focus on tariff policy, raising lots of consternation about the cost of inputs and pressures to raise prices. Sales were not strong, and profits took a hit in the third quarter; lots of owners reported profit declines.
In October, both actual and planned price increases fell from the previous month. The net percent of owners raising average selling prices fell 3 points from September to a net 21% (seasonally adjusted). Despite the decline, price increases remain above the monthly average of a net 13%, suggesting continued inflationary pressure. Unadjusted, 31% reported higher average prices (down 2 points), and 12% reported lower average selling prices (up 2 points). Looking forward to the next three months, a net 30% (seasonally adjusted) plan to increase prices (down 1 point from September). Twelve percent of owners reported that inflation was their single most important problem in operating their business (higher input costs), down 2 points from September.

  • CREDIT MARKETS
A net 5% reported their last loan was harder to get than in previous attempts, down 2 points from September’s highest reading of this year. In October, a net 1% of owners reported paying a higher interest rate on their most recent loan, down 6 points from September. The average rate paid on short maturity loans was 8.7% in October, down 0.1 point from September. Twenty-three percent of all owners reported borrowing on a regular basis, down 3 points from September..."
=========

  • Previous Month's SBOI: 98.8
  • SBOI, 12-Months Previous: 93.7
=========

=========

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Friday, October 03, 2025

Challenger Job Cuts Report for SEPTEMBER 2025

The global outplacement consultancy Challenger, Gray and Christmas, Inc. released its job cuts report, for September, 2025:

-------------------------------

Job Cuts Announced During September 2025: 54,064

  • Previous Month: 85,979
  > Change from previous month: -37.12% (-31,915 cuts)

--------------

  • One-Year Previous: 72,821
 > Change from one-year previous: -25.76% (-18,757 cuts)

===================

From Today's Report:

"...WHY ARE COMPANIES CUTTING [JOBS] IN 2025?

'DOGE Actions' remains the leading reason for job cut announcements in 2025, cited in 293,753 planned layoffs so far this year. This includes direct reductions to the Federal workforce and its contractors. An additional 20,976 cuts have been attributed to DOGE Downstream Impact, such as the loss of funding to private non-profits and affiliated organizations.

Market and Economic Conditions are the second-most cited reason for workforce reductions, responsible for 208,227 cuts year to date. This reflects employers’ continued response to economic uncertainty, inflation, tariffs, and shifting demand across sectors.

Closings of stores, units, or plants have led to 144,652 layoffs so far this year, up from 97,590 during the same period last year. Restructuring efforts have resulted in 100,450 job cuts, while Bankruptcies accounted for another 37,590 layoffs, up from 10,700 through September 2024.

Technological Updates, including automation and possibly AI implementation, have led to 20,219 job cuts in 2025. Another 17,375 were explicitly attributed to Artificial Intelligence, including 7,000 announced in September.
.."
 ================
 
If corporate layoffs are high, consumer spending may decline, since there would be fewer people with steady jobs.

When corporate layoffs are low, this can mean that the job market is relatively tight, which can be a harbinger of wage inflation.

================ 

CHART: Announced Job Cuts July 2022 THRU September 2025 Copyright © Challenger, Gray and Christmas, Inc.

CHART: Announced Job Cuts
July 2022 THRU September 2025

Copyright © Challenger, Gray and Christmas, Inc.

================

Job Cuts - Month-by-Month Totals SEPTEMBER 2025 UPDATE Copyright © Challenger, Gray and Christmas, Inc. 
Job Cuts - Month-by-Month Totals
SEPTEMBER 2
025 UPDATE
Copyright © Challenger, Gray and Christmas, Inc.

================

    ================

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Tuesday, September 30, 2025

Job Openings and Labor Turnover Survey (JOLTS) for AUGUST 2025

Job Openings and Labor Turnover Survey (JOLTS*) for August2025 was released by the Labor Department this morning:
=============

Job Openings

Predicted: 7,000,000
  • Actual:   7,227,000
-------------------------

  • Previous Month (revised): 7,208,000

  • Change from Previous Month: -0.26% (-19,000)
     
  • One-Year Previous: 7,649,000

  • Change from One-Year Previous: -5.52% (-422,000)


=============

HIRES: 5,126,000

HIRES vs. 12 Months Previous: -2.0% (-104,000)

-----------

QUITS: 3,091,000

QUITS vs. 12 Months Previous: -2.71% (-86,000)


-----------

LAYOFFS + DISCHARGES: 1,725,000 

LAYOFFS + DISCHARGES vs. 12 Months Previous: +1.65% (+28,000)

-----------

TOTAL SEPARATIONS §: 5,111,000

TOTAL SEPARATIONS vs. 12 Months Previous: -1.14% (-59,000)

=============
 

§ = Here's How The Labor Department Defines Total Separations:


"Total separations includes quits, layoffs and discharges, and other separations. Total separations is referred to as turnover. Quits are generally voluntary separations initiated by the employee. Therefore, the quits rate can serve as a measure of workers’ willingness or ability to leave jobs. Layoffs and discharges are involuntary separations initiated by the employer. Other separations includes separations due to retirement, death, disability, and transfers to other locations of the same firm."

=============

CHART: Number of Jobless People per Job Opening, Seasonally Adjusted - AUGUST 2010 thru AUGUST 2025
CHART: Number of Jobless People
per Job Opening, Seasonally Adjusted
AUGUST 2010 thru AUGUST 2025

=============
=============

=============

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Thursday, September 25, 2025

New Unemployment Insurance Claims for The Week of September 20, 2025

Jobless Claims
Jobless Claims

Earlier today, the Labor Department released its weekly report on New Jobless Insurance Claims for the week that ended on September 20, 2025:

====================

Predicted: 220,000

  • Actual: 218,000
====================

The yellow-highlighted figure represents the number of first-time claims for unemployment benefits for the entire United States. The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.

 -->  Previous Week (revised): 232,000

  • 4-Week Moving Average: 237,500

====================

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Thursday, September 18, 2025

New Unemployment Insurance Claims for The Week of September 13, 2025

Jobless Claims
Jobless Claims

Earlier today, the Labor Department released its weekly report on New Jobless Insurance Claims for the week that ended on September 13, 2025:

====================

Predicted: 235,000

  • Actual: 231,000
====================

The yellow-highlighted figure represents the number of first-time claims for unemployment benefits for the entire United States. The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.

 -->  Previous Week (revised): 264,000

  • 4-Week Moving Average: 240,000

====================

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Thursday, September 11, 2025

New Unemployment Insurance Claims for The Week of September 6, 2025

Jobless Claims
Jobless Claims

Earlier today, the Labor Department released its weekly report on New Jobless Insurance Claims for the week that ended on September 6, 2025:

====================

Predicted: 250,000

  • Actual: 263,000
====================

The yellow-highlighted figure represents the number of first-time claims for unemployment benefits for the entire United States. The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.

 -->  Previous Week (revised): 236,000

  • 4-Week Moving Average: 240,500

====================

From Today's Report:

 "...In the week ending September 6, the advance figure for seasonally adjusted initial claims was 263,000, an increase of 27,000 from the previous week's revised level. This is the highest level for initial claims since October 23, 2021 when it was 268,000..."

 ====================

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Monday, September 08, 2025

Job Openings and Labor Turnover Survey (JOLTS) for JULY 2025

Job Openings and Labor Turnover Survey (JOLTS*) for July2025 was released by the Labor Department this morning:
=============

Job Openings

Predicted: 7,300,000
  • Actual:   7,181,000
-------------------------

  • Previous Month (revised): 7,357,000

  • Change from Previous Month: -2.4% (-176,000)
     
  • One-Year Previous: 7,504,000

  • Change from One-Year Previous: -4.3% (-323,000)


=============

HIRES: 5,308,000

HIRES vs. 12 Months Previous: -2.62% (-143,000)

-----------

QUITS: 3,208,000

QUITS vs. 12 Months Previous: -5.37% (-182,000)


-----------

LAYOFFS + DISCHARGES: 1,808,000 

LAYOFFS + DISCHARGES vs. 12 Months Previous: +3.61% (+63,000)

-----------

TOTAL SEPARATIONS §: 5,289,000

TOTAL SEPARATIONS vs. 12 Months Previous: -2.67% (-145,000)

=============
 

§ = Here's How The Labor Department Defines Total Separations:


"Total separations includes quits, layoffs and discharges, and other separations. Total separations is referred to as turnover. Quits are generally voluntary separations initiated by the employee. Therefore, the quits rate can serve as a measure of workers’ willingness or ability to leave jobs. Layoffs and discharges are involuntary separations initiated by the employer. Other separations includes separations due to retirement, death, disability, and transfers to other locations of the same firm."

=============

CHART: Number of Jobless People per Job Opening, Seasonally Adjusted - JULY 2010 thru JULY 2025
CHART: Number of Jobless People
per Job Opening, Seasonally Adjusted
JULY 2010 thru JULY 2025

=============
=============

============= 

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Friday, September 05, 2025

Employment Situation Report for AUGUST 2025

The Employment Situation Report for August, 2025 was released by The Department of Labor's Bureau of Labor Statistics this morning:

Nonfarm Payrolls (month-to-month change)
Actual: +22,000
Previous Month (revised): 79,000
One Year Previous: 71,000

U-3 Unemployment Rate (Headline)
Actual: 4.3%
Previous Month: 4.2%
12 Months Previous: 4.2%

U-6 Unemployment Rate*
Actual: 8.1%
Previous Month: 7.9%
12 Months Previous: 7.8%

Average Hourly Earnings (month-to-month change)
Predicted: +0.3%
Actual: +0.27% (+$0.10)

Average Hourly Earnings (year-on-year change)
Predicted: +4.0%
Actual: +3.69% (+$1.30)

Average Weekly Earnings (month-to-month change)
Actual: 
+0.27% (+$3.42)

Average Weekly Earnings (year-on-year change)
Actual: +3.39% (+$40.94)

Civilian Labor Force Participation Rate: 62.3%
Previous Month: 62.2%
12 Months Previous: 62.7%

Average Weekly Hours: 34.2 hours
Previous Month (revised): 34.2 hours
One Year Previous: 34.3 hours

Economist, academics, central bankers and investors pay very close attention to the monthly Employment Situation report as it offers penetrating insight as to the current and near-future state of the overall U.S. economy. If a) Americans are earning more money and b) the economy is creating new jobs, this typically translates to more money being pumped into the economy (and vice versa.)

The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.

===================

CHART: Civilian Unemployment Rate - AUGUST 2005 THRU AUGUST 2025
CHART: Civilian Unemployment Rate
AUGUST 2005 THRU AUGUST 2025
   ===================

 * =  The U-6 Unemployment Rate is defined as:

"Total unemployed, plus all persons marginally attached to the labor force, plus total employed part time for economic reasons, as a percent of the civilian labor force plus all persons marginally attached to the labor force."

===================


===================

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Thursday, September 04, 2025

New Unemployment Insurance Claims for The Week of August 30, 2025

Jobless Claims
Jobless Claims

Earlier today, the Labor Department released its weekly report on New Jobless Insurance Claims for the week that ended on August 30, 2025:

====================

Predicted: 230,000

  • Actual: 237,000
====================

The yellow-highlighted figure represents the number of first-time claims for unemployment benefits for the entire United States. The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.

 -->  Previous Week (unrevised): 229,000

  • 4-Week Moving Average: 231,000

====================

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Thursday, August 28, 2025

New Unemployment Insurance Claims for The Week of August 23, 2025

Jobless Claims
Jobless Claims

Earlier today, the Labor Department released its weekly report on New Jobless Insurance Claims for the week that ended on August 23, 2025:

====================

Predicted: 230,000

  • Actual: 229,000
====================

The yellow-highlighted figure represents the number of first-time claims for unemployment benefits for the entire United States. The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.

 -->  Previous Week (revised): 234,000

  • 4-Week Moving Average: 228,500

====================

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Thursday, August 21, 2025

New Unemployment Insurance Claims for The Week of August 16, 2025

Jobless Claims
Jobless Claims

Earlier today, the Labor Department released its weekly report on New Jobless Insurance Claims for the week that ended on August 16, 2025:

====================

Predicted: 230,000

  • Actual: 235,000
====================

The yellow-highlighted figure represents the number of first-time claims for unemployment benefits for the entire United States. The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.

 -->  Previous Week (unrevised): 224,000

  • 4-Week Moving Average: 226,250

====================

From Today's Report:

 "... The advance number for seasonally adjusted insured unemployment during the week ending August 9 was 1,972,000, an increase of 30,000 from the previous week's revised level. This is the highest level for insured unemployment since November 6, 2021 when it was 2,041,000. The previous week's level was revised down by 11,000 from 1,953,000 to 1,942,000. The 4-week moving average was 1,954,500, an increase of 6,500 from the previous week's revised average. The previous week's average was revised down by 2,750 from 1,950,750 to 1,948,000..."

 ====================

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Thursday, August 14, 2025

New Unemployment Insurance Claims for The Week of August 9, 2025

Jobless Claims
Jobless Claims

Earlier today, the Labor Department released its weekly report on New Jobless Insurance Claims for the week that ended on August 9, 2025:

====================

Predicted: 220,000

  • Actual: 224,000
====================

The yellow-highlighted figure represents the number of first-time claims for unemployment benefits for the entire United States. The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.

 -->  Previous Week (revised): 227,000

  • 4-Week Moving Average: 221,750

====================

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Friday, August 08, 2025

New Unemployment Insurance Claims for The Week of August 2, 2025

Jobless Claims
Jobless Claims

Earlier today, the Labor Department released its weekly report on New Jobless Insurance Claims for the week that ended on August 2, 2025:

====================

Predicted: 220,000

  • Actual: 226,000
====================

The yellow-highlighted figure represents the number of first-time claims for unemployment benefits for the entire United States. The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.

 -->  Previous Week (revised): 219,000

  • 4-Week Moving Average: 220,750

====================

From Today's Report:

 "...The advance seasonally adjusted insured unemployment rate was 1.3 percent for the week ending July 26, unchanged from the previous week's unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending July 26 was 1,974,000, an increase of 38,000 from the previous week's revised level. This is the highest level for insured unemployment since November 6, 2021 when it was 2,041,000..."

 ====================

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Monday, August 04, 2025

Job Openings and Labor Turnover Survey (JOLTS) for JUNE 2025

Job Openings and Labor Turnover Survey (JOLTS*) for June2025 was released by the Labor Department this morning:
=============

Job Openings

Predicted: 7,500,000
  • Actual:   7,437,000
-------------------------

  • Previous Month (revised): 7,712,000

  • One Year Previous: 7,412,000

  • Change from one year previous: +0.34% (+25,000)


=============

HIRES: 5,204,000

HIRES vs. 12 Months Previous: +2.28% (+116,000)

-----------

QUITS: 3,142,000

QUITS vs. 12 Months Previous: -4.32% (-142,000)


-----------

LAYOFFS + DISCHARGES: 1,604,000 

LAYOFFS + DISCHARGES vs. 12 Months Previous: +9.34% (+137,000)

-----------

TOTAL SEPARATIONS §: 5,060,000

TOTAL SEPARATIONS vs. 12 Months Previous: -0.08% (-4,000)

=============
 

§ = Here's How The Labor Department Defines Total Separations:


"Total separations includes quits, layoffs and discharges, and other separations. Total separations is referred to as turnover. Quits are generally voluntary separations initiated by the employee. Therefore, the quits rate can serve as a measure of workers’ willingness or ability to leave jobs. Layoffs and discharges are involuntary separations initiated by the employer. Other separations includes separations due to retirement, death, disability, and transfers to other locations of the same firm."

=============

CHART: Number of Jobless People per Job Opening, Seasonally Adjusted - JUNE 2010 thru JUNE 2025
CHART: Number of Jobless People
per Job Opening, Seasonally Adjusted
JUNE 2010 thru JUNE 
2025

=============
=============

============= 

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