Announced job cuts totaled 75,891 for the month, lurching 193% higher than July.
Layoffs soared in August, hitting their highest total for the month in 15 years, while year-to-date hiring hit the lowest in the 19 years of a Challenger, Gray & Christmas survey.
Layoffs soared in August, hitting their highest total for the month in 15 years, while year-to-date hiring reached a historic low, outplacement firm Challenger, Gray & Christmas reported Thursday. "August's surge in job cuts reflects growing economic uncertainty and shifting market dynamics," said Andrew Challenger, the firm's senior vice president."Companies are facing a variety of pressures, from rising operational costs to concerns about a potential economic slowdown, leading them to make tough decisions about workforce management."
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Three Games that Will Make or Break Mizzou's 2024 Season: The Buzz, August 8, 2024Your daily briefing on what's going on with Mizzou athletics, including full TV listings.
Read more »
2024 Clean Harbors 250 - Live Leaderboard - August 10, 2024View 2024 Clean Harbors 250 race, qualifier and practice leaderboards, live streams, bonus cameras, videos and odds information.
Read more »
2024 Volvo XC90 Recharge and 2024 Genesis GV60 Show Electrified AlternativesTag along while we put the 2024 Volvo XC90 Recharge and Genesis GV60 thorugh their paces on the latest episode of Talking Cars with the Boss.
Read more »
2024 Dutch Grand Prix 2024 Odds, Picks, & Predictions: Max, Lando Reignite Rivalry at ZandvoortF1 odds for the 2024 Dutch Grand Prix list Max Verstappen and Lando Norris as co-favorites with Oscar Piastri next in line.
Read more »
US Election 2024: Democratic Climate Platform Is Okay For 2020, But It’s 2024The best that can be said of the weak-sauce, Biden-centric, backward looking climate section of the DNC platform is that it doesn't hobble Harris and Walz.
Read more »
2024 Italian Grand Prix 2024 Odds, Picks & Predictions: Changing of the Guard?Formula 1 odds have shifted to reveal Lando Norris, not Max Verstappen, as the betting favorite to win the 2024 Italian Grand Prix.
Read more »