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US Job Cuts Edge Up in December - Report [View All]

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Career Prole

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Wed Jan-05-05 10:55 AM
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US Job Cuts Edge Up in December - Report

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NEW YORK (Reuters) - U.S. planned job cuts rose in December, making it the second worst month for layoffs last year, according to a report released Wednesday.

Employment consulting firm Challenger, Gray & Christmas Inc. said employers announced 109,045 layoffs in December, up from 104,530 in November.

Still, for the year as whole job cuts decreased compared with 2003, and Challenger said there was reason to be optimistic in 2005.

http://story.news.yahoo.com/news?tmpl=story&u=/nm/20050105/bs_nm/economy_layoffs_challenger_dc

Ah yes...reason to be optimistic about 2005. I wonder if it's the same reason they gave for being optimistic about 2004?

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