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Planned Jobs Cuts Inch up in June: Challenger

CNBC.com
Thursday, 1 Jul 2010 | 7:30 AM ET

Planned job cuts in the US rose slightly in June, compared to May’s layoffs, staffing consultancy company Challenger, Gray & Christmas reported Thursday.

Employers plan to cut 39,358 jobs from their payrolls, a 1.4 percent increase from cuts planned in May. June marks the third consecutive month job cuts totaled less than 40,000.

US jobs availability jumped sharply from a year ago in June, according to another gauge of jobs demand.

The first half of 2010 saw the lowest six-month total of job cuts since the year 2000, down 67 percent from the number of layoffs planned in the first half of 2009. June’s job cuts are 47 percent lower than the same month in 2009.

Government and the non-profit sector have been the most affected, but June’s cuts will mainly be felt in the computer industry.

“The dramatic decline in planned layoffs over the past six months certainly suggests that the nation’s employers are not anticipating a double-dip recession,” CEO John Challenger said in a statement.

“Those who have jobs can feel more secure and those who are looking may start to see some success,” he said.

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