Tag Archives: job cuts

Slivers of good news in the jobs report

Job creation continues to be sluggish — the Labor Department reported today that the nation’s payrolls fell in June for the first time in six months and 652,000 jobless workers have given up looking for work.

But there are slivers of good news if you look hard enough.

Also in June, employers announced plans to cut 39,358 jobs, marking the the third straight month that planned job cuts were less than 40,000 and 47 percent less than the job cuts in June last year, according to a report released this week by global outplacement consultancy Challenger, Gray & Christmas, Inc.

This is good news? Yes.

Continue reading