Recession

Layoffs In 2025 Second-Highest Since 2009

November 7, 2025 Chris Walker, Truthout. Educate! Employment, Layoffs, Recession, Worker Rights and Jobs

A new report examining worker layoffs in the United States this year finds that the numbers through October closely resemble those seen during recessions in the past. The report from Challenger, Gray & Christmas, a private firm that tracks workplace hirings and firings across the country, found that there were 153,074 layoffs reported last month alone, a 183 percent increase from September. October 2025 also saw the highest number of layoffs for that month in particular over the past 22 years. Around 1.1 million layoffs have been reported in the U.S. from January to the end of October, the report stated. Major companies that posted high layoff numbers included UPS, Amazon, and Target, while tech jobs also saw big hits, with firings at a rate 17 percent higher than in 2024, the result of a slowdown in demand and new technologies.

Canadians Are On Year Three Of A People’s Recession

October 16, 2025 James Hardwick, Canadian Dimension. Educate! Canada, Finance and the Economy, GDP, Recession, wealth inequality

A new Deloitte report is projecting 1.3 percent GDP growth for Canada this year. The same report says that as long as Donald Trump keeps the CUSMA carve-outs in his tariff plan—meaning that most of the goods we export to the United States won’t face tariffs—we can look forward to 1.7 percent growth next year. This would mark a return to the growth rates we saw in 2023 and 2024. Economists seem cautiously optimistic that Canada will avoid a recession and return to a period of relative stability. This should be great news. On paper, the economy has proved its resilience in the face of serious challenges. But why then do things feel increasingly precarious?

Pizza Goeth Before A Fall?

June 6, 2025 Jon Jeter, Black Agenda Report. Educate! Economic insecurity, Finance and the Economy, Recession, Worker Rights

While economists, politicians and pundits sift daily through a mountain of data—from unemployment rates to gross domestic product, inflation to bank lending rates—one overlooked economic indicator points unambiguously to a deep and imminent economic downturn: Pizza. In its February 24th earnings call with the financial press, Domino’s Pizza CEO Russell Weiner reported a 3.2 percent spike in carryout orders during the previous quarter, combined with a 1.4 percent decrease in deliveries. Weiner attributed this change in consumer behavior to “macro and competitive pressures,” or, in layman’s terms, households in the U.S. increasingly can’t afford delivery fees and driver gratuities that can easily add $10 to the price of a pizza.

Why Oligarchs Want A Recession

April 8, 2025 Van Jackson, Labor Notes. Educate! Billionaires, Oligarchs, Privatization, Recession, Trump Administration

A recession is looming. Trump himself recently affirmed that his economic plans would induce a recession in the near term. He remarked when asked as much by an interviewer, “There is a period of transition because what we’re doing is very big.” And yet, before Trump crashed the stock market last week with his global tariff regime, America’s CEOs had the highest confidence in the U.S. economy that they’ve had in three years, according to a nationwide survey in the early weeks of the Trump administration. And Trump has simply been carrying out the promises he’s long made.

The Fed’s ‘Chicken Run’: Sticking With High Rates Will Crash The Economy

June 27, 2024 Thomas Ferguson and Servaas Storm, Scheer Post. Educate! Federal Reserve, Finance and the Economy, Inflation, Recession

On June 13th, financial markets discovered they had overestimated the likelihood that the Federal Reserve would soon be cutting interest rates. Federal Reserve Chair Jerome Powell’s remarks at his press conference and the Federal Open Market Committee’s freshly updated quarterly “Summary of Economic Projections” pointed forcibly to the conclusion that the Fed would likely cut rates only once before the end of 2024. In the midst of their own historic surge, US financial markets could mostly afford just to sigh. Reactions elsewhere were less sanguine: Some international commentators worried that higher for longer US rates would make repaying foreign dollar loans harder and accelerate a movement of capital out of the developing world.

Energy: The Recession Trigger?

July 17, 2022 Michael Roberts, Labour Outlook. Educate! Finance and the Economy, Inflation, Recession, Worker Rights and Jobs

There is confusion among mainstream economists and policy-makers on whether the major economies are heading for a recession, or are already in a recession; or will avoid one altogether. The majority view, at least in the US, is the latter. This optimistic view argues that, while inflation rates are high, they will start to fall over the next year, enabling the Federal Reserve to avoid hiking its policy interest rates too much to the point where it could restrict investment and spending. At the same time, the US unemployment rate is very low and the ‘labour market’ remains strong. Such a scenario hardly suggests a recession. Who ever heard of a slump where there is full employment?, the argument goes. On the other hand, the pessimistic view is that the major economies are already in a slump that will be eventually recognised.

Nonprofit Arts, Culture Organizations Have Lost $17.3 Billion In Pandemic

June 16, 2021 David Walsh, World Socialist Website. Educate! Art, COVID-19, Finance and the Economy, Recession

IWhile hundreds of people in the US and 10,000 globally continue to die each day, American media outlets lose no opportunity to assure their viewers and readers that the pandemic is “over.” In fact, the suffering of the population continues, long- and short-term physical and economic suffering. For example, Feeding America reports that more than 50 million people in the US experienced food insecurity in 2020, up from 35 million in 2019, while more than 42 million face the same condition this year. A new study also indicates that one-third of Americans planning to retire now say the pandemic has delayed their retirement. Artists are faring badly, along with other vulnerable and unprotected portions of the population.

How America Went From Mom-and-Pop Capitalism to Techno-Feudalism

May 19, 2021 Ellen Brown, Scheer Post Educate! Capitalism, Recession, Wealth Divide, wealth inequality

The sort of capitalism on which the United States was originally built has been called mom-and-pop capitalism. Families owned their own farms and small shops and competed with each other on a more or less level playing field. It was a form of capitalism that broke free of the feudalistic model and reflected the groundbreaking values set forth in the Declaration of Independence and Bill of Rights: that all men are created equal and are endowed by their Creator with certain inalienable rights, including the rights to free speech, a free press, to worship and assemble; and the right not to be deprived of life, liberty or property without due process.

Unemployment Benefits Are Not Creating A Worker Shortage

May 16, 2021 Arthur Delaney and Dave Jamieson, Huff Post. Educate! Pandemic, Recession, Unemployment benefits, Worker Rights

As the U.S. economy bounces back from the COVID-induced downturn, some employers say they’re having a hard time finding workers. GOP lawmakers like Rep. David Rouzer (N.C.) blame the safety net. “This is what happens when you extend unemployment benefits too long and add a $1400 stimulus payment,” Rouzer said on Twitter last week, posting a photo from a Hardee’s that said it was closed for lack of staff. “Right when employers need workers to fully open back up, few can be found.” It’s a dubious argument. Republicans said this same thing last year when Congress passed a big relief bill that added $600 per week to state unemployment benefits for four months. Democrats “are going to make the next four months impossible for small businesses to hire,” Sen. Lindsey Graham (R-S.C.) said.

Debt As Colonialism

April 21, 2021 Joan Chaker, Progressive International. Educate! colonization, Debt, Lebanon, Recession

Debt, according to standard economic assumptions, emerges from a purely private exchange. Independent rational agents willingly enter into a contract in a free market. That market, in turn, sets a fair price for the debt. Freedom and fairness: these are the assumptions that underpin the common narrative about debt and indebtedness. This essay sets out to explode these assumptions. Contrary to the common narrative, the massive dollar-denominated debts in the Global South did not arise from private exchange in a regulatory vacuum. Rather, they are the product of an international financial system carefully designed to facilitate neo-colonial extraction. Debt is a vicious cycle that is neither free nor fair.

Moth-Eaten Eviction Moratorium Leaves Hundreds Of Thousands Without A Roof

April 8, 2021 Eleanor Goldfield, Mintpress News. Educate! Eviction Moratorium, Evictions, Landlords, Recession

Washington, DC - “Raise your hand if you can’t pay rent,” she yelled sharply and resolutely into a microphone. A Spanish translation echoed her words as hands shot up across the crowd. “Now make that into a fist. Because we gotta fight! It’s only when we fight that we can win!” Cheers and hollers muffled by face masks reverberated off the brick facades. Cars honked as they drove by, throwing solidarity fists at the “Cancel Rent” posters lined up along the sidewalk. A woman with a “Food not Rent” banner waved back with encouragement. According to the Center on Budget and Policy Priorities, “some 22 million adults reported that their household didn’t have enough to eat,” with Black and Latino households more than twice as likely as white residents to go hungry.

Informal Workers Have The Tools To Build Better Cities Post-Crisis

April 6, 2021 Jenna Harvey, Next City. Create! New Economy, New York City (NYC), Recession, Street Vendors

On November 2020, New York City street vendors from the Street Vendor Project marched over the iconic Brooklyn Bridge in force – food carts, multilingual signs and musical instruments in hand – to call city hall to action. Eight months had passed since the COVID-19 pandemic devastated their livelihoods, and they had received no relief. While the city took multiple measures to provide a lifeline to storefront businesses, vendors received no dedicated small business support. Instead, many continued to receive summonses and fines from a punitive enforcement regime. Struggling vendors were left to make ends meet supporting each other through mutual aid. Their patience was gone, and their proposal was simple: the city should decriminalize vending, lift the arbitrary, 38-year-old cap on...

Beyond COVID: The Essential Building Blocks Of A Just World

April 4, 2021 Graham Peebles, Nation of Change. Create! Cooperation, COVID-19, Recession, Transformation

We are living through extraordinary times. Even pre-COVID they were strange, unprecedented in a variety of ways; now more so, crazy in many ways. Among the madness, contradictions and movements for and of change, the detritus of human society is somehow being raised from the shadows into the light of public awareness, apparently impossible to conceal or deny. As well as providing a stage for social goodness and acts of community kindness, the pandemic has functioned as a mirror to a range of social horrors and abuses, failed structures, inept politicians and corrupt methodologies. Nothing new, nothing previously unknown; old issues rooted in divisive attitudes, broken systemic practices and organized methods of conditioning and control made loud.

Infrastructure Plan Doesn’t Come Close To Tackling The Housing Crisis

April 4, 2021 Lindsay Owens and Sammi Albinder, Business Insider. Create! Housing, Infrastructure, Joe Biden, Recession

The spending plans that the Biden administration released this week laid out substantial investments into our nation's housing system, including $213 billion for building and retrofitting affordable housing units, $40 billion for public housing capital repairs, and grant funding to address zoning laws rooted in racial and economic exclusion. These proposals are a welcome first step to ensuring safe, affordable, sustainable shelter — and Congress should move swiftly to enact them — but they do not come close to meeting the scale of the housing crisis that has been underway in the United States for decades. The reality is that although the failures in our housing system were exacerbated by the pandemic — to the tune of 10 million people at risk of eviction and more than $57 billion owed in back rent — the pandemic didn't cause them.

The Southern Tenant Union Playbook

March 13, 2021 Sam Russek, Scalawag Magazine. Organize! Evictions, Housing, Recession, Tenants

Despite an eviction moratorium that was intended to keep people housed during the pandemic, landlords filed more than 95,000 evictions in just eight major cities across the South last year. With the passing of the most recent stimulus bill, Senate Democrats approved more than $45 billion in rental and mortgage assistance, but it won't be enough to stave off what housing advocates call the "tsunami of evictions" still to come. But the fight to keep people housed didn't begin when the country shut down, and it won't end when people can safely dine in restaurants. The solution to the current crisis requires novel tactics just as much as it builds on old ones, tenants' unions and advocacy groups say—particularly in the South.

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