The number of planned layoffs announced in November was virtually unchanged from the previous month.
US-based employers reported job cuts totaling 42,474 in November, down 0.7% from 42,759 in October, according to the latest report from global outplacement firm Challenger, Gray & Christmas, Inc.
November was the second consecutive monthly decline in planned job cuts after reaching a 28-month high of 115,730 in September.
However, year-to-date job cuts of 564,297 surpassed the 2010 year-end total of 529,973.
November job cuts were dominated by government sector job-cut announcements, which accounted for 44% of all job cuts during the month. For the year, government agencies have now announced 180,881 job cuts.
Read the press release.