Announced U.S. Job Cuts Decline 4.8% in April, Challenger Says
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U.S. employers announced fewer job cuts in April than the same month last year, a sign that the labor market is firming.
Planned firings decreased 4.8 percent to 36,490 last month from April 2010, according to a report today from Chicago-based Challenger, Gray & Christmas Inc. Government agencies accounted for the biggest cutbacks by industry.