Challenger job record lowest cut in 24 years

• Challenger Job-Cut Report: 15.723K from 18.942K in July.
• August’s total is 86% lower than last August, when 115,762 cuts were announced. 
• So far this year, employers have announced plans to cut 247,326 jobs from their payrolls, down 87% from the 1,963,458 jobs eliminated through the same period last year. It is the lowest January-August total on record. The second lowest occurred in 1997, when 260,798 cuts were tracked through August.