US: Challenger Job Cuts drop to 30,603 in March from 34,531 in FebruaryNEWS |
4/1/2021 11:49:18 AM GMT
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By Eren Sengezer
US Challenger Job Cuts continued to decline in March.
US Dollar Index extends its sideways grind above 93.00.
Planned job cuts in the US-based employers dropped to 30,603 in March from 34,531 in February, Challenger Gray & Christmas announced in its latest Job Cut Report on Thursday. This reading represented an 86% decline from the 222,288 job cuts announced in the same month last year when businesses were forced to shut down due to COVID-19.
Commenting on the report, "we have now marked one year since the first wave of layoffs occurred due to the pandemic and subsequent lockdowns,"