In February 2025, U.S. layoffs reached 172,017, the highest monthly total since the early pandemic period.
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00:00Last month, U.S. layoffs reached over 172,000, the highest monthly total since the early
00:06pandemic period, primarily due to significant federal workforce reductions initiated by
00:12the Department of Government Efficiency under Elon Musk.
00:16These cuts included plans to reduce approximately 70,000 positions at the Department of Veteran
00:22Affairs, raising concerns about potential impacts on services for veterans.
00:28Despite these federal layoffs, private sector job cuts have decreased compared to the previous
00:33year and the unemployment rate remains steady at 4%.