Announced U.S. Job Cuts Drop 13% From Year Ago

Announced U.S. Job Cuts Drop 13% From Year Ago

Matthew Staver/Bloomberg

People wait in line at a job fair for SmartCo Foods in Denver, Colorado, U.S. A report later this week may show the pace of hiring failed to reduce an unemployment rate that’s been hovering around 9 percent, according to a Bloomberg News survey.