US job cuts jump 17 percent in March, but the total is lower than last year: Challenger report

[McFurd]

CNBC - 4/6/2017 - Berkeley Lovelace Jr. - U.S. employers announced plans in March to cut 43,310 jobs, a 17 percent increase from February, outplacement consultancy Challenger, Gray & Christmas reported Thursday. Despite the monthly the rise, the number was 2 percent lower than the total in March 2016. So far this year, employers have announced 126,201 job cuts, 30 percent lower during the first three months of 2016. "The heaviest cuts were in Texas and Ohio in the month ... 17,000 each in those two places," Challenger CEO John A. Challenger said on "Squawk Box." Read more @ http://www.cnbc.com/2017/04/06/us-job-c ... eport.html