March’s 162,867 job cuts were nearly triple the level a year ago, and over 100,000 for the fourth month in a row, according to the Chicago-based firm. This past March was the highest job-cut month since the survey began in 1993.
The Challenger report said 406,806 job cuts were announced in the first quarter, 187% higher than a year ago.
The report comes ahead of Friday’s March unemployment report, which is expected to show a slight increase to 4.3% from 4.2% in February.
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