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.