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Macro EconomyMedium•1 July 2026•

1 min read

US job cuts plunge 53% in June to lowest since December

Key Facts

1US-based employers announced 45,489 job cuts in June, down 53% from May and 4% year-over-year, the lowest monthly total since December.

2Year-to-date job cuts stand at 443,604, down 40% from 744,308 in the first half of 2025.

3The tech sector led layoffs with 15,503 cuts, accounting for nearly a third of all cuts in the first half of the year.

In a sign of labor market resilience, US-based employers announced 45,489 job cuts in June, according to reports, down 53% from May and 4% year-over-year — the lowest monthly total since December. Year-to-date cuts stand at 443,604, down 40% from the first half of 2025.

The decline comes as the US economy shows strength, with GDP growing at 2.1% in Q2 (per market data) and personal spending rising 0.7% in May. The tech sector remained the most affected, accounting for 15,503 cuts — nearly a third of the first-half total — as companies continue restructuring around artificial intelligence.

Looking ahead, investors will focus on upcoming employment reports and Federal Reserve officials' comments for clues on interest rate policy. Current data suggests a strong labor market, which could support the Fed's hawkish stance on inflation.