U.S. Job Cuts Decline in September According to Challenger Report
In September, U.S.-based employers announced 44,281 job cuts, marking an 18% decrease from August and a 20% drop compared to the same month last year. This is the lowest monthly total since 2022, as reported by Challenger, Gray & Christmas on Thursday. The decline in layoffs suggests easing pressure on employment markets amid ongoing economic uncertainty. The report highlights potential signs of stabilization or reduced cost-cutting measures among employers across various sectors.
Topics: employment data job market layoffs