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percent more than the 103,522 announced in the same month ayear ago. This year has not been kind to The report found that so far in 2009 employeres haveannounced 822,282 job more than double the 394,193 announced through May last year. But whilse job cuts remained well abovelast year’s May marked the fourth consecutive month with a decline in job-cut announcements. Since reaching a peak of 241,7489 in January, job-cut totals have fallen by an averageof 17.5 percentt per month. CEO John Challenger remains cautiouds about the jobmarkets “This decline in job cuts could be Challenger said.
“The second quarter is typicallt the lowest quarter of the year when it come tojob cuts. Corporate downsizing may continue to remain slow durintg thesummer months, but if the past is any indication, we coulfd see the pace accelerate again in the latter half of the third quartere through the end of the year.” Challenger Gray is a Chicago-basedd outplacement consulting firm.
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