patrick.net

U.S. employers announced plans to cut 32,423 jobs in December, bringing the year's total to a low not seen since 1990, global outplacement consultancy Challenger, Gray & Christmas reported Thursday.

Cuts in 2017 totaled 418,770, 20 percent below 2016's number. In 1990, companies announced plans to cut 316,047 jobs.

Last month saw 7.4 percent fewer job-cut announcements than November, and 3.6 percent fewer than in December 2016.

The passage of the tax bill has prompted unprecedented hiring plans for 2018. Employers report plans to hire more than 1.1 million near hires, 27 percent more than last year.



https://www.cnbc.com/2018/01/04/job-cut-announcements-in-2017-see-lowest-level-since-1990-challenger.html
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