We need to evaluate the quality of the faculty and training and its funding for new hires to judge whether a department is going to continue to be important in producing PhDs. Rochester has issues, but compared with most of the publics, it is in very good shape.
Due to the market, the trajectory in placement is downward everywhere. Having a niche, as Rochester does, will keep it above average in per capita placement for top-25 departments.
So what placements in the last 5 year’s have been to top 25 departments? According to this thread: 0.