Job cuts fall to lowest monthly total in 21 years to 20,476

• Challenger Job-Cut Report: 20.476K from 24.586K in May.
• June job cut total is the lowest monthly total since June 2000.
• Job cut fell 16.7% M/M, while it is 88% lower than 170,219 in June last year.
• In the second quarter, employers announced 67,975 job cuts, the lowest quarterly total since the second quarter of 1997, when 51,309 cuts were announced. It is down 53% from the first quarter total of 144,686, and 95% lower than the 1,238,364 announced in the same quarter last year.
• A semiconductor shortage has caused numerous work stoppages for Automakers and suppliers in recent months. Last month, employers in this sector announced 1,062 cuts, for a total of 6,111 cuts this year. That is down 92% from the 74,816 cuts announced during the same period last year.
• “Companies are holding on tight to their workers during a time of record job openings and very high job seeker confidence. We haven’t seen job cuts this low since the Dot-Com boom,” said Andrew Challenger, Senior Vice President.