The number of U.S. employers planning to cut jobs in June dropped to a 13-month low as companies seek to secure skilled workers, global outplacement firm Challenger, Gray & Christmas Inc. reported Thursday.
All major manufacturing sectors that Challenger tracks, including industrial goods, consumer products, aerospace and defense, and computers saw job cuts decline in June.
The number of planned job cuts in June was 9.4% lower than the previous year. U.S.-based employers announced job cuts totaling 37,551 during the month, down 39% from May....
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