U.S. job cuts at lowest since July 2018 as labor market holds up

U.S. JOB CUTS totaled 32,843 in December, a 25% decline year over year. / BLOOMBERG NEWS FILE PHOTO/JEFF KOWALSKY
U.S. JOB CUTS totaled 32,843 in December, a 25% decline year over year. / BLOOMBERG NEWS FILE PHOTO/JEFF KOWALSKY
WASHINGTON – United States 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…

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