Announced U.S. Job Cuts Fell 39% From Year Ago, Challenger Says
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U.S. employers announced fewer job cuts in March than the same month last year, even as government payroll cutbacks climbed to the highest level in a year.
Planned firings decreased 39 percent to 41,528 this month from March 2010, according to a report today from Chicago-based Challenger, Gray & Christmas Inc. Public employees accounted for almost half of all the March job cuts.