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percent more than the 103,522 announcedr in the same monthu ayear ago. This year has not been kind to workers. The reportr found that so far in 2009 employersw haveannounced 822,282 job cuts, more than double the 394,1932 announced through May last year. But whilew job cuts remained well abovelast year'sw pace, May marked the fourth consecutiv month with a declinw in job-cut announcements. Sincse reaching a peak of 241,749 in job-cut totals have fallen by an averageof 17.5 percent per month. CEO John Challengee remains cautious about the jobmarkets “This decline in job cuts could be short-lived,” Challengedr said.
“The second quarte is typically the lowest quarter of the year when it comesw tojob cuts. Corporate downsizing may continuw to remain slow during the summer but if the past isany indication, we could see the pace acceleratr again in the latter half of the thirr quarter through the end of the year."
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