The number of planned job cuts fell 27% in March,following heavy cuts in February,according to outplacement firm Challenger,Gray and Christmas.It's a sign that the labor markets continue to improve,CEO John Challenger said.The statistic is at a 10-month low right now,and things are looking good.On the year,planned cuts dropped 8.8%.
Telecom was the worst monthly sector,with more than 4,000 cuts.On the year,consumer products and transportation,key indicators for the economy,are the best faring sectors.Looking at jobs growth,is something going on or is it just the election?,Mr.Challenger asked.Governments haven't been cutting as many jobs.There were no big cuts at the federal level.
Employers will add 12,390 jobs-up from 10,720 in February.
The private sector's creating a lot of jobs,but we are without the large numbers of construction and government hiring as there usually would be by now in a recovery,Mr.Challenger pointed out.
Challenger,Gray and Christmas is the nation's oldest outplacement consulting organization,providing outplacement programs for executives,middle managers and long term or highly valued employees.
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