NEW YORK (CNNMoney.com) -- The pace of U.S. job losses has slowed, but we're not out of the woods yet, suggests a report released Wednesday.
Outplacement firm Challenger, Gray & Christmas Inc. reported that 76,456 jobs were cut in August, 21% fewer than in July. It was the lowest total since June, when 74,393 layoffs were announced.
Though that's encouraging, a possible jobs recovery depends on what happens in the next few months, Challenger said.
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Wednesday, September 2, 2009
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