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http://www.theglobeandmail.com/servlet/story/RTGAM.20040907.wjobs0907/BNStory/Business/Planned U.S. job cuts rose 6.6 per cent in August, marking the second increase in as many months as employers remain wary over the fragile state of the current economic recovery, outplacement firm Challenger, Gray & Christmas said Tuesday.
The increase put the expected number of corporate job cuts at 69,572 for the month, the highest level since February's planned 77,250 reductions.
In its monthly report, however, the New York-based firm also noted that the proposed cuts for the month were largely offset by announced plans to hire 132,105 new workers in the weeks and months ahead.
The report said the biggest additions in terms of job creation in coming months will likely come in the retail sector, as it gears up for the all- important holiday selling season.
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