US witnesses highest level of job reductions since Covid
(MENAFN) The United States experienced its highest level of job reductions in a second quarter since the onset of the COVID-19 pandemic, according to a corporate labor analysis report released Wednesday.
A total of 247,256 job cuts were recorded between April and June, marking the most substantial second-quarter figure since 2020, when more than 1.2 million layoffs were announced during the height of pandemic-driven economic disruption.
Compared to the same period last year, job reductions rose by 39%, up from 177,391. However, the figure marks a 50% decline from the 497,052 cuts reported during the first quarter of this year.
In June alone, employers based in the U.S. disclosed plans to eliminate 47,999 positions. That number represents a 49% drop from May’s total of 93,816, and a slight 2% decrease from the 48,786 layoffs reported in June of the previous year.
Government employment was also affected, with 3,801 public sector job cuts recorded in June—a 46% increase from the 2,600 cuts in May.
“The bulk of companies cited economic conditions last month. We saw some DOGE (Department of Government Efficiency) activity and have tracked over 2,000 jobs directly attributed to tariffs this year, but for the most part it was a quiet June,” said Andrew Challenger, senior vice president and labor expert with the firm.
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