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Challenger Job Cut Report: 30,477 Cuts Could Spell Lowest Year Since 1997

From challengergray.com

Monthly job cuts fell to their lowest level in 14 years in September, as U.S.-based employers announced workforce reductions totaling 30,477 during the month. As the fourth quarter begins, 2014 is on pace to be the lowest job-cut year since 1997. The September total plunged 24 percent from the 40,010 job cuts announced in August, according to the report Thursday from global outplacement consultancy Challenger, Gray & Christmas, Inc. It was also 24 percent lower than the September total from a year ago, when employers announced plans to cut payrolls by 40,289. Last month saw the fewest job cuts since June, 2000, when ... (full story)

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