|Monthly job cuts declined for the third consecutive month in May, as U.S.-based employers announced plans to trim payrolls by 36,398 during the month, 4.5 percent fewer than 38,121 cuts in April. The May total was 41 percent lower than the same month a year ago, when employers slashed payrolls by 61,887. Global outplacement consultancy Challenger, Gray & Christmas, Inc. will release its report on June job cuts on Wednesday, July 3, at 7:30 a.m. ET.
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June CEO Report
Turnover among the nation’s chief executive officers surged in May as 104 announced their departures during the month. That was 10.6 percent higher than the 94 CEO exits in April. May departures were 5.1 percent higher than the same month a year ago, when 99 CEO changes were recorded. The Challenger report on May CEO turnover will be released Wednesday, July 10 at 10:00 a.m. ET.