Another Hint Of Bad Jobs News...

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From this months Challenger Layoffs Report:

The pace of downsizing remained virtually unchanged in April, as U.S.-based employers announced planned job cuts totaling 40,559 during the month. That is a 7.1 per cent increase from 37,880 job cuts announced in March, according to the latest job-cut report released Thursday by global outplacement firm Challenger, grey & Christmas, Inc.

April job cuts were up 11.2 per cent from the same month a year ago, when employers announced 36,490 planned cuts, the lowest monthly total recorded in 2011.

That 11.2% jump is a turnaround from last month’s fall of 8%.

What’s weird is how different this number is than initial jobless claims, which have been steadily 5-10% below a year ago levels.

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