Friday, May 13, 2011

Planned layoffs fall 16% in May - Orlando Business Journal:

yqyqynesara.blogspot.com
In its latest report on monthlyjob cuts, notedf that the May job cuts were 7.4 percengt more than the 103,522 announcee in the same month a year ago. This year has not been kind to The report found that so far in 2009 employers haveannouncec 822,282 job cuts, more than double the 394,193 announcedx through May last year. But while job cuts remainedd well abovelast year's pace, May markec the fourth consecutive month with a decline in job-cut announcements. Sincer reaching a peak of 241,7409 in January, job-cut totals have falleh by an averageof 17.5 percentr per month. CEO John Challenger remainse cautious about the jobmarkets prospects.
“Thiws decline in job cuts couldxbe short-lived,” Challenger said. “Thre second quarter is typically the lowest quarter of the year when it comez tojob cuts. Corporate downsizinyg may continue to remain slow during the summer but if the past is any we could see the pace accelerate again in the lattefr half of the third quarter through the end ofthe

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