Job cuts accelerated in January
By Daniel at 3 February, 2010, 10:19 am
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NEW YORK (CNNMoney.com) — Job cuts accelerated in January, hitting their highest levels in five months, according a report released this morning.
Outplacement firm Challenger, Gray & Christmas Inc, said employers announced 71,482 layoffs in January, reversing what had been a steady decline in cuts.
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WASHINGTON (MarketWatch) — Private-sector firms in the U.S. eliminated 22,000 jobs in January, the 24th decline in a row, according to the ADP employment report released Wednesday. It was the fewest jobs lost since 22,000 jobs were added in January 2008.
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