Planned Layoffs Plunge in November

Chicago, IL, Dec. 4, 2014 -- The number of planned layoffs by U.S. employers declined 30% in November from October, according to outplacement firm Challenger, Gray & Christmas.

Employers planned 35,940 job cuts in November, compared with 51,183 in October.

The number was also a 21% reduction from a year ago, when employers announced plans to cut 45,314 jobs.