Menu
Share
Share this story
Close X
 
Switch to Desktop Site

Keeping Track: job cuts

A slight rise, along with unemployment, in April

The US jobless rate hit a near eight-year high in April, the Department of Labor reported Friday. The unemployment rate rose to 6 percent, up from 5.7 percent in March. That's the highest level since Aug. 1994.

Still, by one measure, layoffs have ebbed this spring after reaching a peak following Sept. 11.

About these ads

Some 112,649 job cuts were announced last month, according to Challenger, Gray & Christmas Inc. That's up slightly from 102,315 in March, but down considerably from the peak of 248,332 last September.


Follow Stories Like This
Get the Monitor stories you care about delivered to your inbox.