Big U.S. companies announced 45,094 job reductions in December, the fewest since the recession began two years ago. December’s total was down 10% from November’s 50,349 and down 73% from December 2008.
In the fourth quarter, companies announced just 151,121 job reductions, the fewest since early 2000 and down 67% from the fourth quarter of 2008, Challenger said Wednesday.
For all of 2009, big companies announced 1.288 million job cuts, up about 5% from 2008′s total and the most since 2002. About 70% of the year’s total occurred in the first six months of the year.(…)
Challenger noted that layoffs slowed in the second half for most of the hardest-hit sectors, including retail (down 85% from the first half to the second), industrial goods (down 62%), autos (down 54%) and government and nonprofits (down 33%).
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