Economics
U.S. Job Cuts at Lowest Since July 2018 as Labor Market Holds Up
Factory workers install hoops onto white oak bourbon barrels at the Brown-Forman Corp. cooperage facility in Louisville, Kentucky.
Photographer: Luke Sharrett/BloombergThis article is for subscribers only.
U.S. employers last month announced the fewest job cuts since July 2018 as the labor market remained tight, though 2019 still turned out to be one of the decade’s worst years for firings.
Job cuts totaled 32,843 in December, down 26% from November and 25% lower than a year earlier, according to a report Thursday from staffing firm Challenger, Gray & Christmas Inc.