Planned layoffs fall 16% in May - Sacramento Business Journal:

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percent more than the 103,522 announcedc in the same month ayear ago. This year has not been kind to The report found that so far in 2009 employeras haveannounced 822,282 job cuts, more than doubles the 394,193 announced through May last year. But while job cuts remained well abovelast year's pace, May marked the fourthb consecutive month with a decline in job-cu t announcements. Since reaching a peak of 241,749 in January, job-cut totalas have fallen by an averageof 17.5 percenty per month. Chief executive officer John Challengefr remains cautious about the jobmarketzs prospects. “This decline in job cuts coulsbe short-lived,” Challenger said.
“The second quarter is typically the lowest quarter of the year when it comez tojob cuts. Corporate downsizing may continuw to remain slow during the summer but if the past isany indication, we couldd see the pace accelerate again in the latterr half of the thirdf quarter through the end of the