New York, NY, April 5, 2006--The outplacement firm Challenger, Gray & Christmas reported on Tuesday that there were fewer job cuts announced last month. It said the total of nearly 65,000 is down 26 percent from the previous month.
That's the lowest since April of last year.
CEO John Challenger said the numbers suggest employers are delaying downsizing where possible.
That's also good for those looking for work.
"Job hunters are becoming the hunted," said Challenger.
According to Challenger, Gray & Christmas, here are the top 10 industries that planned on cutting jobs in March:
Telecommunications: 11,047
Industrial Goods: 9,668
Retail: 4,499
Consumer Products: 3,968
Health Care/Products: 3,514
Government/Non-Profit: 3,344
Food: 3,121
Apparel: 3,029
Computer: 2,741
Financial: 2,671
