The number of job cuts announced by employers fell 3.3 percent in February from the previous month, led by consumer products and transportation, according to the latest report by global outplacement firm Challenger, Gray & Christmas.
Employers last month said they planned to cut 51,728 jobs, down from 53,486 job cuts announced in January.
The February job cuts were 2 percent higher than the same period last year, when employers said they planned 50,702 cuts.
Layoffs were concentrated in the consumer products and transportation sectors in January and February. Last year, job cuts in the first two months of the year were dominated by the government sector.