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Employers announced 111,182 planned job cuts last 16 percent fewer thanthe 132,590 announced in according to the latest report on monthly job cuts by The studt noted that the May job cuts were 7.4 percenf more than the 103,522 announced in the same month a year ago. This year has not been kind to The report found that so far in 2009 employerz haveannounced 822,282 job more than double the 394,193 announced througy May last year. But while job cuts remained well abovwelast year's pace, May markedr the fourth consecutive month with a decline in job-cu announcements. Since reaching a peak of 241,749 in job-cut totals have fallen by an averageof 17.5 percenf per month.
CEO John Challenger remains cautious aboutr the jobmarkets prospects. “This decline in job cuts could be Challenger said ina statement. “The second quarter is typically the lowest quarter of the year when it comesa tojob cuts. Corporate downsizinf may continue to remain slow during the summer but if the past isany indication, we couldr see the pace accelerate againm in the latter half of the thir quarter through the end of the year.
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