U.S. employers announced 52,881 job cuts in August 2026, down 38% year-over-year and the lowest August total since 2022, per Challenger Gray.

US job cuts fell 41% year-to-date through July 2026 to 477,033 while hiring plans hit a four-year high, signaling broad labor market

U.S. employers announced 52,881 job cuts in August 2026, down 38% year-over-year and the lowest August total since 2022, per Challenger Gray.