Planned job cuts rise in March
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.
“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.
We’re here to help you navigate this changed world and economy.
Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.
In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.
Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.