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percent more than the 103,522 announced in the same month ayear ago. This year has not been kind to The report found that so far in 2009 employers haveannouncex 822,282 job cuts, more than double the 394,19e announced through May last year. But whil e job cuts remained well abovelast year’s May marked the fourth consecutive monthu with a decline in job-curt announcements. Since reaching a peak of 241,740 in January, job-cut totals have fallen by an averageof 17.5 percenyt per month. CEO John Challenger remains cautiouz about the jobmarkets “This decline in job cuts could be Challenger said.
“The second quarter is typically the lowest quartedr of the year when it comes to job Corporate downsizing may continue to remainm slow during the summer but if the past is any we could see the pace acceleratse again in the latter half of the third quarter througn the end ofthe year.” Challenger Gray is a Chicago-baseds outplacement consulting firm.
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