Planned layoffs fall in March: Challenger - MarketWatch
Announced layoffs dropped last month, and total planned cuts over the
three months through March hit the lowest level for a first quarter in
19 years, according to data released Thursday by outplacement
consultancy Challenger, Gray & Christmas. There were about 34,000
announced layoffs in March, down from 42,000 in February and 49,000 in
March 2013. For the first quarter of this year, employers announced
about 121,000 cuts - the lowest first-quarter tally since 1995 - down
from 145,000 during the first quarter of 2013. "Layoffs continue to
decline in a recovery that is approaching its five-year anniversary,"
said Chief Executive John Challenger in a statement. Health care led
planned layoffs in March, due to lower Medicare and Medicaid funding, as
well as cuts for temporary call-center workers who helped users sign up
for insurance under the Affordable Care Act, according to Challenger.
For the first quarter, cuts were led by retail and financial-sector
employers
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