Layoffs were slightly higher compared to a year ago while hiring efforts have stalled, signaling that the U.S. labor market continues to cool off kicking off the second half of 2024.
New data from global outplacement and business and executive coaching firm Challenger, Gray & Christmas, Inc. revealed that U.S.-based employers announced nearly 26,000 job cuts in July, down 47 percent from the previous month, but up 9 percent from the same time a year ago.
