US Challenger Job Cuts Drop 53% in June to 45,849
US employers announced 45,849 job cuts in June, down 53% from May's 97,006, according to Challenger, Gray & Christmas.
Challenger, Gray & Christmas reported that US-based employers announced 45,849 job cuts in June, a 53% decline from the 97,006 cuts recorded in May.
The monthly figure represents a significant slowdown in layoffs, suggesting improvement in the labor market. The June total is the lowest since the data series began tracking, according to the report.
No further breakdown by industry or region was provided in the release.
Source: FXStreet Forex News