Ahead of Friday's monthly jobs report, U.S.-based employers announced plans to cut 33,825 workers from their payrolls in August, a 19.4% increase from July and a 5% increase from the same month last year, according to data from Challenger, Gray & Christmas Inc.

This is the first month-to-month increase in jobs cuts since March. But overall job cuts in the first eight months of this year remain down 26.1% compared to the same period last year.

Retail continues to lead all sectors into August, with 51.4% more job cuts so far this year than through the same month in 2016. The construction industry had the highest number of cuts in August at 4,332.

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The upcoming holiday season will likely induce a jump in seasonal jobs, which are increasingly calling on workers with technology experience to take positions in a "pivoting" retail landscape, Challenger said.

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