Permanent Job Losses Rise to 3-Year High in November: Bureau of Labor Statistics

The recent number of permanent job losses is higher than pre-pandemic levels.
Permanent Job Losses Rise to 3-Year High in November: Bureau of Labor Statistics
A hiring sign is displayed in front of Abercrombie & Fitch at the Tysons Corner Center mall in Tysons, Va., on Aug. 22, 2024. Anna Rose Layden/Getty Images
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New labor market data show that the number of permanent job losses—a measure of workers who lost their employment and were not expected to be recalled by their employers—increased for the second consecutive month.

According to data from the Bureau of Labor Statistics (BLS), the total number of permanent job losers rose by 58,000 monthly to 1.893 million in November, a three-year high.
Andrew Moran
Andrew Moran
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Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of "The War on Cash."