- Challenger Job-Cut Report: 18.942K from 20.476K in June.
- So far this year, employers have announced plans to cut 231,603 jobs from their payrolls, down 87.5% from the 1,847,696 jobs eliminated through the same period last year.
- July cuts were led by the Pharmaceutical sector, which announced 2,249 cuts, primarily due to diminishing demand for COVID tests and related materials. Industrial Goods manufacturers announced the second highest with 2,037. These companies are still plagued by supply chain issues from the beginning of COVID lockdowns. The Services sector announced 1,941 cuts in July.
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Thursday, August 5, 2021
Challenger Job record lowest cut in 21 years
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