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This morning brought the latest Challenger, Gray & Christmas jobs report and, overall, the numbers look encouraging.
If you’re less familiar, Challenger, Gray & Christmas is an outplacement and executive coaching firm that tracks and analyzes corporate layoffs across the United States. Its monthly Challenger Employment Report serves as an early, reliable indicator of labor market trends.
This morning, the report showed that employers announced just 33,429 job cuts in July – down 27% from June and down 46% from a year ago. It was the lowest monthly total in two years. Meanwhile, hiring plans jumped 47% from June, the strongest July for hiring since 2022.
