US Hiring Plans, Job-Cut Announcements Drop in Challenger Report

US employers dialed back hiring plans in September and announced fewer job cuts, according to data from outplacement firm Challenger, Gray & Christmas.

Companies last month announced plans to add 117,313 jobs, down 71% from a year earlier and marking the weakest September for hiring intentions since 2011. The report released Thursday noted a significant slowdown in seasonal hiring plans compared to years past.