U.S. employers announced another 262,649 job cuts in July as the COVID-19 pandemic continued to weigh on demand, the latest indication that the labor market recovery is losing steam.The layoffs reported by global outplacement firm Challenger, Gray & Christmas on Thursday were up 54% from June. The job cuts, the third-largest monthly total since the coronavirus pandemic began, followed data this week showing a big step-down in private payrolls in July and further contraction in employment at manufacturing and services industries. Hiring announcements totaled 246,507 in July, almost matching layoffs, Challenger, Gray ... (full story)