Unemployment Rate

Planned Job Layoffs Down For Second Consecutive Month

Nowhere near out of the woods yet on unemployment

|

The number of planned layoffs at U.S. companies dropped for the second month in a row in July, even as job cuts in the financial sector persisted, a report showed on Thursday.

Employers announced 36,855 planned job cuts last month, down 1.9% from 37,551 in June, according to the report from consultants Challenger, Gray & Christmas, Inc.