The number of job cuts announced in April soared 71 percent from March, marking the highest monthly number of layoffs since November, according to a survey released Monday...
The public sector shed the most jobs — 57,927 — accounting for 40 percent of the month’s total, as state and local governments continued to trim their work forces amid large budget shortfalls...
“The sharp increase in job cuts last month should serve as a warning that it is premature to conclude that the quick end to the war in Iraq will bring a quick turnaround in the economy and job market,” said John Challenger, chief executive of Challenger, Gray & Christmas.
The public sector shed the most jobs — 57,927 — accounting for 40 percent of the month’s total, as state and local governments continued to trim their work forces amid large budget shortfalls...
“The sharp increase in job cuts last month should serve as a warning that it is premature to conclude that the quick end to the war in Iraq will bring a quick turnaround in the economy and job market,” said John Challenger, chief executive of Challenger, Gray & Christmas.
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