Fact Check: "Job loss figures can be reported in thousands."
What We Know
The claim that "job loss figures can be reported in thousands" is supported by various data sources. For instance, the Employment Situation Summary for May 2025 indicates that the number of jobless individuals increased by 264,000, bringing the total to 2.5 million. This clearly demonstrates that job loss figures can indeed be expressed in thousands. Additionally, a report from CNN states that US-based employers announced 47,999 job cuts in June 2025, further supporting the assertion that job losses are reported in thousands.
Analysis
The evidence presented in the Employment Situation Summary and the CNN report is credible and comes from reputable sources. The Bureau of Labor Statistics (BLS), which published the Employment Situation Summary, is a reliable government agency that provides accurate labor market statistics. The data from BLS is widely used by economists, policymakers, and researchers to analyze employment trends.
Moreover, the CNN report is also a reputable news outlet that covers economic issues and labor statistics. The figures reported by CNN align with the broader trends observed in the labor market, which often sees fluctuations in job numbers that can be significant enough to be reported in thousands.
In contrast, some sources that discuss job losses in a more anecdotal or less formal context, such as user-generated content on platforms like Zhihu, do not provide the same level of reliability and should be approached with caution. These sources may lack the rigorous data verification processes that established news outlets and government agencies employ.
Conclusion
The verdict on the claim that "job loss figures can be reported in thousands" is True. The evidence from credible sources such as the Bureau of Labor Statistics and reputable news outlets confirms that job loss figures are indeed reported in thousands, reflecting the scale of job losses in the labor market.
