July Job Cuts Increase For Third Consecutive Month; Well Below 2009 Pace

CHICAGO, August 4, 2010 – Employers announced plans to shed 41,676 workers in July, a six-percent increase from the 39,358 layoffs in June. While July marks the third consecutive monthly gain in announced job cuts, downsizing activity remains at its lowest level since before the 2001 recession, according to global outplacement consultancy Challenger, Gray & Christmas, Inc., which released its latest report on planned job cuts Wednesday.

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