Following a report that showed a spike in layoff announcements, a Fox Business reporter said it could be “good news” for President Donald Trump.

The consulting firm Challenger, Gray & Christmas released a report on Thursday, revealing that companies have announced 1.17 million layoffs in 2025, the most in a single year since the height of the COVID-19 pandemic in 2020. For about 8,000 of those layoffs, Trump’s tariffs have been cited as the reason for job cuts.

Despite the dire economic sign—one of many in recent days—Fox Business reporter Grady Trimble saw an upside for Trump while discussing the new report with pro-Trump anchor Stuart Varney.

“This signifies the cooling job market that we’ve seen for some time now, Stu, but it could be good news for the president in the end because he

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