In a very modest sign that unemployment has not risen sharply, employment consulting firm Challenger, Gray & Christmas reported that
Planned layoffs fell to a 13-month low in June, as U.S.-based employers announced job cuts totaling 37,551 during the month. That is down 39% from the 61,887 announced job cuts in May
However, the overall trend remains rocky
At the midway point of 2012, job cuts total 283,091, an increase of 15 percent from a 2011 six-month total of 245,806. The pace of downsizing has remained relatively steady throughout the year, with job cuts in the second quarter totaling 139,997, just two percent fewer than the 143,094 job cuts announced during the first three months of the year. Second quarter job cuts were up 22 percent from last year, when employers announced 115,057 layoffs from April through June.
Douglas A. McIntyre