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  • U.S. Job Cuts Rise 8% in July, Hirings Fall

    08/03/2004 4:34:25 PM PDT · by Willie Green · 38 replies · 969+ views
    Reuters ^ | Tuesday, August 3, 2004 | Reuters
    For education and discussion only. Not for commercial use. NEW YORK (Reuters) - Layoffs in the United States rose 8 percent in July from the previous month, a report said on Monday, as the job market recovery struggled to gain momentum. The outplacement firm Challenger, Gray & Christmas Inc. said employers announced 69,572 job cuts in July, up from 64,343 in June but down 18 percent from July 2003. Hiring announcements also declined, but companies do not announce hires as frequently as they announce layoffs. The number of announced hires fell to 26,880, a 30 percent decline from June's 38,377....