US May Challenger layoffs 63.82k vs 64.79k prior

US-based employers announced 63,816 job cuts in May this year, which is a roughly 20% decline compared to the same month a year ago. The number of layoffs is little changed compared to April, but this still represents the third-highest January-to-May total since 2009. Looking at the details, tech continues to lead job cuts overall but is significantly lower (60%) compared to the same period last year.

This article was written by Justin Low at www.forexlive.com.