U.S. job cuts hit two-year low in July, Challenger data show

Macro
โดย GuruFocus·US·Read original
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U.S. employers announced the fewest monthly job cuts in two years during July, with planned layoffs falling to 33,429, down 27% from June and 46% from a year earlier, according to Challenger, Gray & Christmas. Through the first seven months of 2026, announced cuts totaled 477,033, a 41% decline from the same period last year. Technology companies announced 9,867 cuts in July and 149,023 year to date, up 67% from 2025, with AI cited in 10,970 July layoffs, accounting for roughly one-third of the monthly total. Hiring intentions also improved, as employers announced plans to add 16,095 workers, up 47% from June and more than fivefold from July 2025, bringing year-to-date hiring plans to 107,500, the strongest January-to-July total since 2023. The data offers a reassuring signal that corporate downsizing is easing, though Friday's official jobs report remains the more important test of labor-market strength.

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