A new report finds U.S. businesses have announced over 1.1 million layoffs so far this year. The layoff rate for first 11 months of the year is at it highest level since 2020. Business restructuring, AI and market conditions are the primary drivers of job reductions.

Hiring dropped off significantly at US private-sector businesses in November, according to new data from payroll giant ADP.

Weakening job growth could lock in an interest rate cut by the Federal Reserve next week, according to economists.

California employers announced 173,022 job cuts in the first 11 months of this year, up nearly 14% from the same period last year, according to data from outplacement firm Challenger, Gray & Christmas.

When federal scientist and educator Beth Tuck turned 40 this year, she expected to be settling into a long-term government career. Instead, she was couch surfing, scooping ice cream to make ends meet and trying to salvage a two-decade path in science education.

US companies shed payrolls in November by the most since early 2023, adding to concerns about a more pronounced weakening in the labor market. Private-sector payrolls fell by 32,000 according ADP data on Wednesday.