Keith Johnson, Deseret News
While job cuts went slightly up last week to 33,816, the quarterly total for job cuts is the lowest it’s been since 2000, according to Challenger, Gray & Christmas, Inc., an outplacement company.
In spite of a decrease in job cuts, jobless claims increased 4,000 to 367,000, according to the Department of Labor.
"Layoffs are definitely at prerecession levels," John A. Challenger, chief executive at Challenger, told Nasdaq. "Unfortunately, hiring has not returned to those levels."
Though jobless claims still sit at the lowest levels in two months, the jobless rate increased to 8.2 percent from 8.1 percent, according to Businessweek.
The quarterly total of job cuts sits at 102,910, which is 27 percent less than last quarter’s total of 139,997, according to Challenger.
- Magazine honors fastest-growing Utah companies
- Elected officials, business leaders campaign...
- Contact lens makers take fight over price law...
- Delta to offer nonstop flights from Salt Lake...
- A. Scott Anderson: SBA — a critical...
- Ground to be broken Thursday afternoon for...
- Why China's market slump is good news for...
- Michelle Singletary: Students should use...
- US stocks pare losses after 1,000-point... 15
- Walmart to cease sales of semiautomatic... 12
- Utahns want diverse housing,... 9
- Teens are shopping more like their... 6
- Ground to be broken Thursday afternoon... 5
- Elected officials, business leaders... 5
- Cheating site Ashley Madison offers... 3
- Michelle Singletary: Students should... 3