Layoffs Spike To 5-Month High In August As Labor Market Softens

ToplineJob losses at U.S.-based employers spiked in August to a five-month high of just over 75,000 cut positions for the month, a signal of economic uncertainty and a softening labor market, according to a new report from career services firm Challenger, Gray & Christmas.Signage with logo at the Silicon Valley headquarters of Cisco in San Jose, California on Aug. 17, ... [+] 2017.Getty Images Key FactsThe number of job cuts in August was a 193% jump from those announced in July, and the highest single-mont ...