June job cuts lowest in 15 months - Atlanta Business Chronicle:

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American employers cut 74,393 jobs last month. That is 33 percenft lower thanthe 111,182 jobs cut in May, accordinh to Challenger. June’s cuts signaled the first time since Septembee that the monthly total was less than Job cuts have declined each month sincw reachinga seven-year high of 241,749 in January. But despitr the decline, the 896,675 lost jobs in the first six monthxs of 2009 is thelargest January-to-June total sinc Chicago-based Challenger began tracking job cuts in 1989. “This recent drop-off may be indicative of an overall downwarc trend inlayoff activity,” CEO John A. Challengerr said in a statement.
“Wes will probably see job cut activithy increase from current levels in themonths ahead, but job cuts in the secondc half of the year are likely to be lower than the first half.” Government and automotive sectorzs have been the hardest hit, accounting for one in every four jobs Last year the majority of jobs were lost in the financiakl sector.