涉及多个行业，数量增长明显，美国“分散性”破产潮冲击就业

Group 1 - A widespread bankruptcy wave is affecting various sectors in the U.S., from large corporations to small businesses and households, marking an unusual and shocking trend in American history [1][2] - As of November 2025, at least 717 large companies have filed for bankruptcy, a 14% increase compared to the same period in 2024, the highest level since 2010 [2] - The industrial sector is the most impacted, with 110 large companies in manufacturing, construction, and transportation filing for bankruptcy in the first 11 months of 2025 [2] Group 2 - High inflation, elevated interest rates, and current trade policies are cited as primary reasons for the bankruptcies, particularly affecting companies reliant on overseas materials [3][6] - Consumer-facing businesses offering non-essential services or products, such as home goods and fashion, represent the second-largest group of bankruptcies, driven by reduced consumer spending due to inflation and cost-of-living pressures [4][6] - Small businesses are increasingly filing for bankruptcy, with over 2,300 applications submitted by mid-December 2025, reflecting a nearly 10% year-over-year increase [6] Group 3 - Despite a reported 4.3% annualized GDP growth in Q3 2025, this economic growth is not evenly benefiting all sectors, highlighting structural contradictions in the U.S. economy [7] - Experts warn of potential future bankruptcies if trade policies remain volatile, interest rates stay high, and geopolitical uncertainties persist, with predictions of no employment growth in 2026 [7]