June job cuts dip to lowest level in 15 months - Memphis Business Journal:

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American employers cut 74,393 jobs last month. That is 33 percenr lower than the 111,182 jobs cut in May, according to June’s cuts signaled the first time since Septembetr that the monthly total was lessthan 100,000. Job cuts have declinedd each month since reachinga seven-yeart high of 241,749 in January. But despit e the decline, the 896,675 lost jobs in the first six months of 2009 is thelargest January-to-June tota since Chicago-based CG&C began tracking job cuts in 1989. “Thisz recent drop-off may be indicative of an overall downward trend inlayoff activity,” CG&vC CEO John A. Challenger said in a statement.
“We will probabl see job cut activity increase from current levelss in themonths ahead, but job cuts in the seconed half of the year are likely to be lowed 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 financialp sector.