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108K Layoffs: What They're Not Telling You
The Federal Reserve says the labor market is “stable.”
January’s layoff data tells a very different story.
In this episode, we break down why the illusion of stability may be far more dangerous than outright weakness. While policymakers lean on backward-looking data from the Bureau of Labor Statistics, real-time indicators are flashing yellow—and in some cases, red.
The Challenger, Gray & Christmas January report showed 108,435 announced job cuts, the highest January total since 2009 and up 118% year over year. Hiring intentions fell to the weakest January reading on record. Meanwhile, ADPemployment growth slowed to just 22,000 jobs, reinforcing a “low hire, low fire” environment that often precedes more painful labor adjustments.
Yes, a large share of cuts came from Amazon, UPS, and Dow—but concentration doesn’t negate the trend. Companies don’t announce layoffs casually, and labor markets don’t turn on a dime.
The truthbomb?
When the Fed calls the labor market “stable” while announced layoffs hit a 17-year high, smart money doesn’t wait for confirmation—it finds the life vests early.
Support the show
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By Wall Street TruthbombsThe Federal Reserve says the labor market is “stable.”
January’s layoff data tells a very different story.
In this episode, we break down why the illusion of stability may be far more dangerous than outright weakness. While policymakers lean on backward-looking data from the Bureau of Labor Statistics, real-time indicators are flashing yellow—and in some cases, red.
The Challenger, Gray & Christmas January report showed 108,435 announced job cuts, the highest January total since 2009 and up 118% year over year. Hiring intentions fell to the weakest January reading on record. Meanwhile, ADPemployment growth slowed to just 22,000 jobs, reinforcing a “low hire, low fire” environment that often precedes more painful labor adjustments.
Yes, a large share of cuts came from Amazon, UPS, and Dow—but concentration doesn’t negate the trend. Companies don’t announce layoffs casually, and labor markets don’t turn on a dime.
The truthbomb?
When the Fed calls the labor market “stable” while announced layoffs hit a 17-year high, smart money doesn’t wait for confirmation—it finds the life vests early.
Support the show