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Economic Calendar

US Job Cuts Rise in August

US-based employers announced 52,881 job cuts in August 2026 compared to 33,429 in July. However, the figure is down 38.5% compared with the same month last year and represents the lowest August month since 2022. Consumer Products led all sectors with 10,057 cuts, driven by announcements at Procter & Gamble and Estée Lauder. Food producers followed, with 7,982 cuts and Tyson accounting for nearly a third attributed to a historic cattle shortage. Technology (6,103), financial (4,286) and communication (4,113) followed. Restructuring led all reasons for job cuts in August with 16,173 announced while AI fell to the fourth-most cited reason with 3,462 cuts. Through August, employers have announced 529,914 job cuts, down 41% from the first eight months of 2025 and the lowest January-to-August total since 2022. Technology leads all industries with 155,126 cuts, followed by Transportation with 42,279, Health Care/Products with 35,637, Consumer Products with 28,574, and Services with 26,778.

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