Layoffs Fall 37 Percent in September Amid Stagnating Labor Market, Report Says

The U.S. labor market could stabilize as the Federal Reserve lowers interest rates, says Andy Challenger.

A job ad posted at a restaurant in St. George, Utah, on Sept. 15, 2025. Madalina Kilroy/The Epoch Times

U.S. employers terminated fewer workers last month as the country experiences a “stagnating labor market,” new data released on Oct. 2 show.

In September, U.S.-based companies announced 54,064 layoffs, representing a 37 percent decline from August, according to global outplacement firm Challenger, Gray and Christmas. Planned job cuts were also down by 26 percent from the same month a year ago.