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Job cuts slow to pre-recession levels |
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Written by Jessica Dickler and Hibah Yousuf - CNN
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Wednesday, 03 March 2010 |
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Article Source: CNN
NEW YORK (CNNMoney.com) -- The pace of U.S. job cuts slowed last month to the lowest level in 3 1/2 years, according to a report released Wednesday.
Outplacement firm Challenger, Gray & Christmas Inc. said that 42,090 job cuts were announced in February, 41% less than January's 71,482 cuts. It was the lowest total since July 2006, when 37,178 cuts were announced.
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