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Job losses slowed during May

According to Challenger, Gray & Christmas, job losses slowed during May for the the fourth straight month. The report showed that job cuts totaled 111,182 during May, 16% better than the 132,590 jobs cut in April. May's total was the lowest since last September, but was still 7.4% higher than a year ago.

The greatest amount of layoffs came from the government/non-profit sector for the third-straight month. The second largest amount of cuts came from the computer sector, followed by the chemical and automotive industries.

Continue reading Job losses slowed during May

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Last updated: May 26, 2012: 01:38 PM

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