May planned job cuts down 12.6 percent from April, but YTD cuts still up 6.2 percent year-on-year

Job cuts announced by U.S.-based employers in May fell 12.6 percent from April, and were also down 4.8 percent year-on-year. So far this year, however, announced job cuts are up 6.2 percent year-on-year, with those in the retail sector rising by 24 percent.

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