5/6, 1:30 PM (Source: TeleTrader)
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US job cuts down to 22,913 in April

Job cuts in the United States in April decreased 25% when compared to the previous month to 22,913, a report published by Challenger, Gray & Christmas Inc. on Thursday showed. This is the lowest monthly total since June 2000 and equates to a year-on-year decline of 96.6%.

Senior Vice President Andrew Challenger stated: "The good news is that employers are no longer undergoing massive cuts, consumers are beginning to feel safe traveling and spending, and the number of job openings is edging higher. The bad news is we're experiencing a labor shortage despite millions of Americans still out of work."

Breaking the News / OL