Planned Job Cuts Plunge from Year Ago
Chicago, IL, Dec. 5, 2013 -- Planned job cuts in November edged down 0.9% from October but were down 21% from a year ago, according to outplacement firm Challenger, Gray & Christmas Inc.
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Employers planned 45,314 layoffs in November, compared with the 45,730 job cuts recorded in October and 57,081 a year ago.
It was the second consecutive month that job cuts came in lower than the year-ago number.
The financial sector has recorded the most job cuts so far this year, with 59,189 layoffs.