May 6, 2009
April Job Cuts 47% Greater Than Last Year
By Matthew L. Brown
The number of job cuts planned by American employers in April dropped 12 percent compared to March to 132,590, according to a report from Chicago-based outplacement firm Challenger, Gray & Christmas Inc.
However, while cuts have been on a downward trend recently, the April total was still 47 percent greater than the 90,015 job cuts announced in April 2008.
The April decline was the third consecutive monthly decline in planned job cuts and the lowest number of planned cuts reported by Challenger since last October.
So far this year, employers have announced 711,100 job cuts, 145 percent more than the first four months of 2008.
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