Job Cuts Hit Highest Mark for First Quarter in a Decade - Challenger Report

[McFurd]

TheStreet - 4/4/2019 - Alexander Nicoll - Job cuts have hit their highest total in a quarter since 2015 with employment in the automotive and energy sectors decreasing the most in March, according to a report from Challenger, Gray & Christmas. In the first quarter of the fiscal year, employers cut 190,410 jobs, an increase of 35.6% from a year earlier. The first-quarter numbers were the highest since the third quarter of 2015, and the highest first-quarter total since more than 560,000 job cuts were announced in the first quarter of 2009. Read more @ https://www.thestreet.com/markets/job-c ... t-14917519