The U.S. job market has taken a worrisome turn. Job cuts are over a third higher than the same period in 2024. More government and private sector job cuts are on the way.

Layoffs announced by U.S.-employers jumped to levels not seen since the last two recessions amid mass federal government job cuts, canceled contracts and fears of trade wars, offering the clearest sign yet of the toll taken on the labor market by the policies of President Donald Trump's administration.

The Trump administration’s massive federal cuts and swelling feelings of economic uncertainty helped fuel a recession-level spike in layoffs last month, new data showed Thursday.