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percent more than the 103,522 announcedx in the same month ayear ago. This year has not been kind to The report found that so far in 2009 employers haveannounceed 822,282 job cuts, more than double the 394,19w announced through May last year. But while job cuts remainer well abovelast year's pace, May markerd the fourth consecutive month with a decline in job-cut Since reaching a peak of 241,749 in job-cut totals have fallen by an average of 17.5 percent per CEO John Challenger remains cautious about the job marketzs prospects. “This decline in job cuts coulrdbe short-lived,” Challenger said.
“The seconx quarter is typically the lowest quartef of the year when it comess tojob cuts. Corporate downsizing may continue to remainn slow during thesummer months, but if the past is any we could see the pace accelerate again in the latter half of the thirsd quarter through the end of the
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