US layoff announcements ease in February after elevated cuts in prior month

Layoffs eased in February as new data showed that U.S. employers announced fewer job cuts last month after they were elevated to start the year, new data shows.

U.S. employers announced 48,307 job cuts in February, according to a report by global outplacement and executive coaching firm Challenger, Gray & Christmas. That figure is down 55% from the 108,435 job cuts announced in January, while it's also down 72% from the 172,017 cuts announced in the same month last year.

Layoff...