Announced U.S. Job Cuts Drop 4.3% From Year Ago, Challenger Says
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Employers in the U.S. announced fewer job cuts in May than a year earlier, signaling the labor market is improving.
Planned firings dropped 4.3 percent to 37,135 last month from May 2010, according to figures released today by Chicago-based Challenger, Gray & Christmas Inc. Government and nonprofit agencies had the most cutbacks.