US hiring is slowing at an alarming rate: US-based employers have announced plans to add 497,151 jobs year-to-date, the weakest total since 2010 when 392,033 hires were planned in the first 11 months of the year. This also marks a -35% decline from the 761,954 announced during the same period in 2024. Hiring is now on track for its 5th consecutive annual decline. In November, companies announced just 9,074 hiring plans, the 2nd-lowest for this month since at least 2016. Meanwhile, seasonal hiring intentions fell to 372,520, the lowest on record since data collection began in 2012, with no new announcements in November. US hiring demand is at crisis levels.