Job Cuts Remain The Same, 37,135 Job Cuts In May

The pace of downsizing remained virtually unchanged in May, as U.S. employers announced plans to cut 37,135 positions from their payrolls during the month.  That is just 1.8 percent more than the 36,490 job cuts in April, according to the report released Wednesday by global outplacement firm Challenger, Gray & Christmas, Inc.

The May total was also about the same as a year ago, declining just 4.3 percent from the 38,810 job cuts announced in May 2010.  May marks the third time this year and the tenth time in the last 14 months that announced job cuts totaled less than 40,000.

Employers have now announced 204,374 job cuts in 2011, 21 percent fewer than the 258,319 planned layoffs reported in the first five months of 2010.

Full Report here:




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