Companies based in the U.S. announced in July that they plan to eliminate a record number of jobs, more than double the amount announced in the same month last year, according to a new report .

The report, from recruitment firm Challenger, Gray & Christmas, tracks U.S.-based employers’ announcements about layoffs, which do not indicate the number of job losses that have occurred or when the positions will be eliminated. The estimates can change based on a variety of factors, including, in the case of government layoffs, litigation, explained Gbenga Ajilore, chief economist at the Center on Budget and Policy Priorities.

“These are job cut announcements versus actual people losing a job,” Ajilore told Truthout .

Ajilore says the Challenger’s report demonstrates companies’ feelings of

See Full Page