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Canadian Job Market Sees Weak Hiring, Not Layoffs

Canadian employment experienced minor growth in March 2026, marking the best Labour Force Survey of the year. The national unemployment rate remained unchanged at 6.7%. Statistics Canada data indicates that weak hiring is the primary issue, not widespread layoffs. The layoff rate in March was 0.6%, comparable to pre-pandemic averages. Average hourly wages increased by 4.7%, but this growth is largely due to shifts in employment composition.

https://betterdwelling.com/canadians-face-fewer-layoffs-than-normal-but-good-luck-finding-a-job/


Bureau of Labor Statistics: New Mexico Job Openings Decrease

New Mexico saw a significant decline in December 2025 job openings. The state reported 33,000 openings, a decrease from 42,000 in November. The state's job openings rate reached 3.5 percent. The national job openings rate was 3.9 percent. Layoffs and discharges remained at 9,000 for the month.

https://www.bls.gov/regions/southwest/news-release/jobopeningslaborturnover_newmexico.htm


Arizona Unemployment Rate Nudges Upward

Arizona's unemployment rate increased recently. It reached 4.3% in November. This was a 0.1% rise from September. The state's rate is lower than the national average. It also remains below Arizona's pre-pandemic average.

https://www.azcentral.com/story/money/business/economy/2026/01/08/arizonas-unemployment-rate-up-slightly-reaches-4-3/88072819007/


Georgia Jobless Filings Decline

Initial unemployment benefit filings decreased in Georgia last week. The U.S. Department of Labor reported this data on Thursday. New jobless claims fell to 4,470 for the week ending January 31. This was a decrease from 4,637 claims the previous week. Nationally, U.S. unemployment claims increased to 231,000 last week.

https://www.augustachronicle.com/story/news/2026/02/07/unemployment-numbers/88526868007/


The worst January for layoffs since 2009

  • U.S. employers announced 108,435 layoffs for the month, up 118% from the same period a year ago and 205% from December 2025. The total marked the highest for any January since 2009.
  • At the same time, companies announced just 5,306 new hires, also the lowest January since 2009, which is when Challenger, Gray & Christmas began tracking such data.
  • Also, job openings fell sharply in December to 6.54 million, to their lowest since September 2020. Available jobs are down by more than 900,000 just since October.

https://www.cnbc.com/2026/02/05/layoff-and-hiring-announcements-hit-their-worst-january-levels-since-2009-challenger-says.html


Rough October, sign of the times

Startling statistic, likely the start of a trend.

“U.S.-based employers cut more than 150,000 jobs in October, marking the biggest reduction for the month in more than 20 years, a report by Challenger, Gray & Christmas said on Thursday as industries adopt AI-driven changes and intensify cost cuts.”

https://www.reuters.com/business/world-at-work/layoffs-us-october-surge-two-decade-high-challenger-data-shows-2025-11-06/


Job cuts in October hit highest level for the month in 22 years

Job cuts for October totaled 153,074, a 183% surge from September and 175% higher than the same month a year ago. It was the highest level for any October since 2003 and has been the worst year for layoffs since 2009.

Companies in the technology sector announced 33,281 cuts, nearly six times the level in September.


Technology Layoffs

Technology layoffs -

They will increase (substantially) into 2025 year-end, and into Early-Mid 2026 (and beyond).

Where (most) of the high salaries exist.

2025 (year-to-date) -

Layoffs - 539
Employees affected - 145,726
Number per day - 540

2024 -

Layoffs - 1,115
Employees affected - 238,461
Number per day - 653