Job Cuts Declined in September, Report Says

he number of announced U.S. job cuts in July fell 33% in September from a year earlier, according to an industry report issued Wednesday by job-placement firm Challenger, Gray & Christmas.

Increased cuts and higher unemployment can be bad signs for the trucking industry because they can affect industrial production and consumer spending, which provide business for truckers.

The Challenger report said the 71,836 job cuts announced in September was 1.8% higher than August.

Announced cuts are not the same as layoffs or firings because some employees are reassigned, other cuts never actually take place and some are done through early retirement or other means.