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.
As a nonprofit news organization, our future depends on listeners like you who believe in the power of public service journalism.
Your investment in Marketplace helps us remain paywall-free and ensures everyone has access to trustworthy, unbiased news and information, regardless of their ability to pay.
Donate today — in any amount — to become a Marketplace Investor. Now more than ever, your commitment makes a difference.
Thanks to our
Your support keeps us going strong, even through