US planned job cuts fall 53% in November, Challenger says

Core Insights - Layoffs announced by U.S. employers fell sharply in November, indicating a potential stabilization in the job market [1] - Despite the decrease in layoffs, hiring intentions remain low as businesses face an uncertain economic environment [1] Employment Trends - The reduction in layoffs suggests that companies may be adjusting their workforce strategies in response to economic conditions [1] - Hiring intentions lag, reflecting caution among businesses due to factors such as tariffs on imports and slowing demand [1]