Planned Job Cuts Are Highest in 17 Months
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From Bloomberg News
The number of job cuts announced by U.S. employers in June rose to the highest monthly level since January 2004, according to a survey by outplacement firm Challenger, Gray & Christmas Inc.
The 110,996 job cuts announced last month were 73% more than in the same month a year earlier and represented a 35% increase from May’s total.
The firm’s data are not adjusted for seasonal variations.
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