World Business
Trade war cited as cause for 10,000 layoffs in US in August: report
Sept. 5, 2019
WASHINGTON (AFP) -- The pace of downsizing at American companies surged last month, with more than 10,000 job cuts blamed on “trade difficulties” alone, according to figures released Thursday.Employers also announced the most layoffs of any August since 2009, the outplacement firm Challenger, Gray & Christmas said.Job cuts rose 38 percent over July, with 53,480 positions to be slashed from employer payrolls, led by workforce reductions in health care, which had been a mainst