JOB CUTS FALL 28 PERCENT IN FIRST HALF OF YEAR

Employers announced plans to cut payrolls by 31,105 jobs in June, the lowest monthly total of the year according to a report released Thursday by global outplacement consultancy Challenger, Gray & Christmas, Inc.

The June job-cut total is 6 percent lower than the 33,092 cuts recorded in May*, and 19.3 percent lower than the same month last year, when 38,536 cuts were recorded.

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