The figures signal some momentum for the labour market heading into the new year
[NEW YORK] US companies announced fewer layoffs last month while planning more hiring, potentially easing fears of a sharper slowdown in the labour market.
Companies announced 35,553 job cuts in December, the lowest since July 2024, and down substantially from elevated readings in the prior two months, indicated data from outplacement firm Challenger, Gray & Christmas.
Additionally, employers laid out plans to add nearly 10,500 jobs, the highest for any December since 2022. The data was released ahead of schedule, after it became accessible on the Challenger website.
RandyMarsh
Article URL : https://www.businesstimes.com.sg/international/us-layoff-plans-drop-end-2025-more-hiring-come