34,399 March Cuts Close Lowest Q1 in Nearly 20 Years

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New figures released Thursday by global outplacement consultancy Challenger, Gray & Christmas, Inc. show employers announced the fewest first-quarter job cuts in 19 years, providing further evidence that the economy continues to gain strength as it enters the sixth year of recovery. 

The first quarter closed with 34,399 March job cuts, the second lowest monthly total since January 2013.  The only month to see fewer cuts during that period was December, when just 30,623 job cuts were announced.  The March total was 18 percent lower than the 41,835 planned job cuts reported in February and 30 percent lower than a year ago when March job cuts totaled 49,255.

Get the full report here.

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