09/03/2026
BREAKING ON JOBS: In August, layoff plans by US-employers rose 58% from July to 52,881, but fell 38% from the same month last year, when 85,979 job cuts were recorded.
August's cuts were led by Consumer Products and Food, reflecting a consumer pull-back in spending and persistent high costs.
Tech continues to lead all industries YTD, followed by Transportation. AI leads all reasons for layoffs this year, but was not the leading reason cited in August. That was "Restructuring" which accounted for 16,173 layoff plans, the highest since January.
Employers announced plans to hire 12,325 workers in August, down 23% from the 16,095 plans announced in July, and up 725% from the 1,494 announced in August 2025. It is the highest August total since 2022, when employers announced 41,985 hiring plans.
So far this year, companies have announced plans to hire 119,825 workers, up 37% from the 87,626 plans announced through August 2025. It is the strongest January-to-August total since 2023.
“Employers are making plans to add workers, with 46% of those plans coming from manufacturing industries. The questions are how long will it take employers to actually fill these roles and will they find workers with the requisite skills,” said CRO Andrew Challenger.
Read the full report here: https://hubs.li/Q04wvczv0