Economy Bloomberg 43d ago

US Challenger Job-Cut Announcements Fall to 17-Month Low

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US job-cut announcements reached a 17-month low in December, with 35,553 job cuts, indicating a positive trend in the labor market. This decline suggests that companies are planning for growth and hiring more employees. The data is a sign of economic recovery.

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Market impact analysis based on bullish sentiment with 90% confidence.

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90%
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US companies announced 35,553 job cuts in December, the lowest since July 2024, while planning more hiring, according to data from outplacement firm Challenger, Gray & Christmas Inc. Natixis Chief US Economist Christopher Hodge examines the data. (Source: Bloomberg)

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