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National job cuts decline in August
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The Business Journal - Central New York
- Article date:
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September 12, 2008
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Copyright informationCopyright Central New York Business Journal Sep 12, 2008. Provided by ProQuest LLC. (Hide copyright information)
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Employers announced plans to reduce their work forces by 88,736 jobs in August, 14 percent fewer than the 103,312 job cuts announced in July, according to the latest national job-cut report issued by global outplacement consultancy Challenger, Gray & Christmas, Inc.,
However, last month's total was 12 percent higher than a year ago, when August job cuts totaled 79,459. This marks the seventh time this year that monthly layoffs surpassed the year-ago figure.
Employers have now announced 667,996 job cuts, year-to-date, a 29 percent increase from a 2007 eight-month total of 515,855. With four months remaining, 2008 job cuts are just 100,000 shy of the 2007 year-end total (768,264). At the ...
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