June layoffs keep 2011 figures low

July 6, 2011 at 11:01 AM

CHICAGO, July 6 (UPI) -- U.S. companies announced 41,432 layoffs in June, keeping the half-year's job losses at the lowest level since 2000, a private consulting firm said Wednesday.

The international outplacement firm, Challenger, Gray & Christmas, said June's contribution pushed the total for January through June to 245,806 announced job cuts, the fewest in 11 years for the first two quarters of the year.

Month-by-month, layoffs have increased for two months. Announced layoffs in June were 11.6 percent higher than May, and that month's announced job cuts were 2 percent higher than April.

The announced job cuts for the first half of the year are 17.4 percent lower than the same period of 2010, when announced layoffs reached 297,677.

Related UPI Stories
Latest Headlines
Trending Stories
House Majority Leader Kevin McCarthy drops bid for speaker
WikiLeaks offering $50K for video of Afghan hospital bombing
Murdoch sorry for implying Obama's not a 'real black president'
Reid sues exercise companies over eye injury
Lumber Liquidators to pay $10M in DOJ settlement