Filed under: Employees, Economic data, Recession

Employers are planning to cut fewer jobs for the third month in a row, according to a new report that Challenger, Gray & Christmas has supplied to BloggingStocks.

The executive outplacement firm says that the number of planned reductions fell 16% in October to 55,679 positions — from 66,404 in September. Last month’s level was the lowest seen since March 2008, when 53,579 layoffs were planned. And, it’s 51% lower than October 2008’s 112,884 result. Planned staff reductions have fallen in eight of the past 10 months.

Continue reading Layoffs slowing down, but upturn isn’t coming yet

Layoffs slowing down, but upturn isn’t coming yet originally appeared on BloggingStocks on Sat, 07 Nov 2009 14:10:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments

Via [bloggingstocks]

Share This

This entry was posted on Saturday, November 7th, 2009 at 7:55 pm and is filed under Stocks Money News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.