US employers cut 33,429 jobs in July, lowest in two years

US employers announced 33,429 job cuts in July, the lowest monthly total in two years, down from about 46,000 in June, according to Challenger. The tech sector accounts for nearly a third of this year's 477,033 planned cuts, with AI frequently cited. Hiring plans soared to 16,095, the best July since 2022, led by aerospace and defense. An Indeed Hiring Lab survey found economists expect job postings to dip slightly, viewing AI as a mild drag, while hands-on fields like nursing should grow fastest.