CHICAGO (AP) — A monthly survey shows planned job cuts in September were the fewest in three months.
The outplacement firm Challenger, Gray and Christmas says employers announced plans for 40,289 layoffs. That's 20 percent less than in August, when job cuts reached a six-month high.
Even with the decline, the total was 19 percent higher than in the same month last year. For the third quarter, job cuts were up 25 percent from the same period a year ago.
The health care sector again held the lead in September for the most planned layoffs, a total of 8,128. CEO John Challenger says it's largely because of workforce adjustments due to cutbacks in Medicare and Medicaid reimbursements. But he says that'll reverse and "become a supply problem as millions of new insured consumers come into the market needing services" under the Affordable Care Act.
129-a-14-(John Challenger, CEO, Challenger, Gray and Christmas, in AP interview)-"a 6-month high"-John Challenger of Challenger, Gray and Christmas says employers last month announced they're planning fewer jobs cuts than in previous months. (3 Oct 2013)
<<CUT *129 (10/03/13)££ 00:14 "a 6-month high"
131-a-15-(John Challenger, CEO, Challenger, Gray and Christmas, in AP interview)-"front of us"-John Challenger of Challenger, Gray and Christmas says the health care sector had the biggest number of planned job cuts last month due to cutbacks in Medicare and Medicaid reimbursements, but that'll change after the Affordable Care Act really takes hold. (3 Oct 2013)
<<CUT *131 (10/03/13)££ 00:15 "front of us"
130-a-14-(John Challenger, CEO, Challenger, Gray and Christmas, in AP interview)-"month last year"-John Challenger of Challenger, Gray and Christmas says even with the decline in planned job cuts last month, they're still higher than a year ago. (3 Oct 2013)
<<CUT *130 (10/03/13)££ 00:14 "month last year"
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