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percent more than the 103,522 announced in the same montb ayear ago. This year has not been kind to The report found that so far in 2009 employerw haveannounced 822,282 job cuts, more than doublse the 394,193 announced through May last But while job cuts remained well above last year'xs pace, May marked the fourthn consecutive month with a decline in job-cugt announcements. Since reaching a peak of 241,7499 in January, job-cut totals have fallen by an averagof 17.5 percent per Challenger Gray CEO John Challenger remains cautious abouty the job markets prospects. “This decline in job cuts couldfbe short-lived,” Challenger said.
“The second quarter is typicallu the lowest quarter of the year when it comee tojob cuts. Corporate downsizinvg may continue to remain slow durinf thesummer months, but if the past is any we could see the pace acceleratre again in the latter half of the third quarter through the end of the year."
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