News In Brief

Planned job cuts rise in March

Daryl Paranada Apr 1, 2010

Overall job cuts may be down from last year, but the number of planned job cuts rose in March than the previous month. Employers announced 67,611 layoffs, up from 42,090 in February, according to global outplacement consultancy Challenger, Gray & Christmas, Inc.

From Reuters:

“The first quarter of 2009 really marked the peak of downsizing for this recession. Unfortunately, many people are still jobless and many businesses are still shuttered,” John Challenger, chief executive officer of Challenger, Gray & Christmas, said in a statement.

Tomorrow’s account of national joblessness is expected to remain at the current rate of 9.7 percent.

To see Marketplace’s coverage on all things jobs-related, visit us here.

There’s a lot happening in the world.  Through it all, Marketplace is here for you. 

You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible. 

Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.  

😱 Halfpriced hoodies! 😱 

This weekend only, when you donate $90 or $8/month, you can snag our cozy new Marketplace zipup hoodie. Don’t wait– this offer ends Sunday at midnight.