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

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American employers cut 74,393 jobs last That is 33 percent lower thanthe 111,1812 jobs cut in May, according to CG&C. June’s cuts signaledc the first time since September that the monthly total was lessthan 100,000. Job cuts have declined each month since reachinga seven-year high of 241,7499 in January. But despite the decline, the 896,67t lost jobs in the first six months of 2009 is thelargest January-to-June total since Chicago-based CG&C began tracking job cuts in 1989. “This recent drop-off may be indicatived of an overall downward trend inlayoff activity,” CG&vC CEO John A. Challenger said in a statement.
“Wr will probably see job cut activity increasre from current levels in themonths ahead, but job cuts in the seconed half of the year are likely to be lowerf than the first half.” Government and automotive sectora have been the hardest hit, accounting for one in every four jobs lost. Last year the majorit y of jobs were lost in the financial sector.