US Job Cuts Drop in September to Lowest Level Since 2022

US employers announced 43,281 layoffs in September, down 18% from August, though early seasonal hiring remains subdued.

US companies announced 43,281 job cuts in September, an 18% decrease from August and a 20% decline compared to September of last year, according to data from executive outplacement firm Challenger, Gray & Christmas reported by Bloomberg and TradingView. The figure represents the fewest job cuts recorded for a September since 2022.

Since the start of the year, US employers have announced 573,195 layoffs, marking a 39% drop compared to the same period in 2025. Alongside the decline in dismissals, hiring plans ticked up 3% year-over-year; however, according to Yahoo Finance, employers are not rushing to hire ahead of the holiday season, and early seasonal recruiting remains relatively sluggish.