December Layoff Pace Hits Lowest Level Since Mid-2024

The rate of planned layoffs decreased significantly in December, reaching the lowest level observed since mid-2024. Data indicates that employers announced plans to cut 35,553 jobs during the month.

This volume represents a sharp decline from the previous month and the same time last year. The reduction in workforce reductions suggests a cooling trend in job market volatility as the calendar year concluded.

Planned job cuts totaled 35,553 for the month of December. This figure marks a significant 50% slide from the numbers recorded in November.

When compared to the same period in the previous year, the data shows an 8% decrease. The combined metrics highlight a distinct downward trend in announced workforce reductions.

The December figures provide a clear perspective on the changing employment landscape. By recording an 8% decrease compared to the previous year, the data illustrates a tangible improvement in job security stability.

The 50% month-over-month decline is particularly notable. Such a steep drop between November and December often signals a shift in corporate strategy regarding staffing levels.

These statistics serve as a key indicator of the health of the labor market. The return to the lowest layoff levels seen since mid-2024 suggests that the volatility that characterized much of the year has begun to subside.

Businesses appear to be adjusting their hiring and retention strategies. The data points toward a period of stabilization rather than the rapid contractions seen earlier in the year.

December's labor market data signals a positive shift for the workforce. With planned job cuts hitting their lowest point since mid-2024, the trend line suggests a more stable economic environment.

The combination of a 50% monthly drop and an 8% annual decline provides strong evidence that the pace of layoffs has decelerated significantly. This data sets a baseline for observing labor market trends as the new year begins.