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New York Post

06 Aug 2026, 20:05 UTC · 2h ago

July layoffs hit lowest level in two years despite AI fears: report

NewsImpactScreener rates every claim in this story for market impact and maps it to the tickers most exposed.

What the story claims

4 claims · each scored for market impact

What matters in this story

1
July layoffs hit their lowest level in two years, with 33,429 job cuts announced, a 27% decrease from the previous month. — A sharp decline in layoffs suggests a resilient labor market, which typically supports consumer spending and reduces recessionary fears.
+0.60
2
July hiring plans reached 16,095 workers, the highest total for July since 2022 and a 47% increase over June. — Increasing hiring intent indicates growing corporate confidence and potential expansion in industrial and tech sectors.
+0.50
3
Artificial intelligence has been the leading reason for job cuts for five consecutive months, accounting for 112,713 cuts so far this year. — While overall layoffs are down, the systemic replacement of labor by AI creates long-term structural risk for workforce stability in tech.
-0.30
4