Economist Pavlina Tcherneva Speaks with Marketplace About Labor Market
Pavlina Tcherneva, president of the Levy Economics Institute at Bard College.
Pavlina Tcherneva, president of the Levy Economics Institute at Bard College, spoke with Marketplace about the current state of the US labor market. Without jobs data from the federal government, it is difficult for economists to predict the course the national market is taking, but according to one source, US companies announced more layoffs in October 2025 than in any October since 2003. Tcherneva told Marketplace that the macroeconomic picture of the labor market is worsening. “Now the slowdown in hiring is turning into more layoffs,” Tcherneva said. “So, I think basically, we are slowly moving towards a vicious cycle in the labor market that is likely to get worse.”
The Levy Economics Institute Graduate Programs in Economic Theory and Policy were created to offer students an alternative to mainstream programs in economics and finance. These programs combine a rigorous course of study with the exceptional opportunity to participate in advanced economics research alongside Institute scholars. The Levy Institute’s programs also give Bard College undergraduates the opportunity to meet prominent figures who give seminars, attend conferences, and serve on the research staff.
Post Date: 11-11-2025
The Levy Economics Institute Graduate Programs in Economic Theory and Policy were created to offer students an alternative to mainstream programs in economics and finance. These programs combine a rigorous course of study with the exceptional opportunity to participate in advanced economics research alongside Institute scholars. The Levy Institute’s programs also give Bard College undergraduates the opportunity to meet prominent figures who give seminars, attend conferences, and serve on the research staff.
Post Date: 11-11-2025