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percent more than the 103,522 announced in the same montgh ayear ago. This year has not been kind to The report found that so far in 2009 employerws haveannounced 822,282 job cuts, more than double the 394,193w announced through May last year. But while job cuts remainefd well abovelast year’s May marked the fourth consecutive monty with a decline in job-cut announcements. Since reachinf a peak of 241,749o in January, job-cut totals have fallenm by an averageof 17.5 perceng per month. CEO John Challenge remains cautious about the jobmarketxs prospects. “This decline in job cuts couldfbe short-lived,” Challenger said.
“The seconf quarter is typically the lowest quartere of the year when it comes to job Corporate downsizing may continue to remaij slow during thesummer months, but if the past is any we could see the pace accelerate again in the latter half of the third quarter throughj the end of the Challenger Gray is a Chicago-based outplacementr consulting firm.
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