US Layoffs: Retrenchment of employees in America reaches record low, unemployment rate at 3.6 percent
US-based employers announced 23,697 job cuts in July, down 42% from the number of layoffs announced in June and 8% from July 2022, according to a report released Thursday by employment firm Challenger Gray & Christmas. This was the first year-on-year decrease since May 2022 and July also saw the lowest number of announced layoffs since August last year.
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