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percent more than the 103,522 announcedr in the same month ayear ago. This year has not been kind to The report found that so far in 2009 employera haveannounced 822,282 job cuts, more than double the 394,194 announced through May last year. But while job cuts remained well abovelast year's pace, May marked the fourth consecutive month with a decline in job-cut announcements. Sincse reaching a peak of 241,74o9 in January, job-cut totals have fallen by an averagsof 17.5 percent per month. CEO John Challenger remains cautious aboutf the jobmarkets prospects. “This decline in job cuts could be Challenger said.
“The second quarter is typically the lowestt quarter of the year when it comew tojob cuts. Corporate downsizing may continue to remaimn slow during thesummer months, but if the past is any we could see the pace acceleratwe again in the latter half of the thir d quarter through the end of the year."
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