The Layoff Wave Hits: 1.1 million Job Cuts and an Economy on the Brink

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Job-cut announcements have surged past 1.1 million—more than any year since the pandemic—and U.S. manufacturing has now contracted for nine straight months. Tariffs, political chaos, and global uncertainty are hammering businesses while the White House insists everything is “awesome.” In this episode, Chris breaks down the real numbers, the policy blunders that helped create them, and why Americans overwhelmingly feel the economy slipping even as officials try to spin a different story. A blunt, no-nonsense warning that Washington needs a major course correction.

Episode Transcript

Speaker 1 (00:00):
The Watchdog on Wall Street podcast explaining the news coming
out of the complex worlds of finance, economics, and politics
and the impact it we'll have on everyday Americans. Author,
investment banker, consumer advocate, analyst, and trader Chris Markowski.

Speaker 2 (00:16):
Got some rough economic numbers that we have to go
over here. Layoff announcements have top to one point one
million this year. This is the most since the pandemic.
Okay announced job cuts from US employers more than one

(00:39):
million for the year in November. As of November worse
since COVID manufacturers shrink for the ninth month in a row.
The ISM fines, tariff's hurt sales and kept a lid
on hiring. Business condition remained soft as a result of

(01:01):
higher costs of tariffs. The government shut down and increased
global uncertainty. Again, these both of these stories are stupid.
See I told you some moments. We told you exactly
what was going to transpire, what was going to take

(01:21):
place based upon these policies. And I don't take any
satisfaction whatsoever in being right in these things. I really don't,
because the country is hurting right now. I'm hoping, hoping
that we're going to see some policy changes moving forward.

(01:43):
I don't know if the president is aware, but I
hope that the people surrounding him are actually aware of
what's going on on the street. Now, they don't say
that Kevin Hassett yesterday on Fox News and well it
was due to the Schumer shutdown and people were worried
about that, and not say this one point one way

(02:04):
over the course of the year, band manufacturing numbers. And
this is just polls man. Four percent of the people out,
this is a Fox poll, four percent think the economy
is excellent, twenty one percent think it's good, thirty four
percent think it's fair, forty two percent think it's poor,

(02:25):
sixty two percent think it's Trump's economy, thirty two percent
think it's Biden's economy. Yet you got Scott Bessett, and
they keep going out and they keep telling us that
everything is that's awesome or magically magic are going to
hit the new year, New year, yep, all of a

(02:46):
sudden January first, things are going to be awesome. They're
actually saying that what because no tax on tips? Come on, man,
come on, there's that line called, uh, the beatings will stop,
The beatings will stop. When morale improves. You know, basically,

(03:09):
the administration right now, with the various different pundits that
they've got going out, is like the bullshit's gonna continue
to flow until morale improves. We're gonna keep We're gonna
be talking trash, telling you everything is awesome, and to
all of a sudden you agree with what we have
to say. Come on, guys, you know I want you
to do well, but uh, what's going on is not acceptable,

(03:33):
not acceptable. You have to change. Tech Watchdog on Wall
Street dot com