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May layoffs at 30-month low

CHICAGO, June 3 (UPI) -- U.S. employers announced 68,632 planned job layoffs in May, down 53 percent from April. John A. Challenger, CEO of the Chicago-based outplacement firm Challenger, Gray & Christmas, said the 30-month low in layoffs signals the likely end of the two-year job-cutting spree.

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