Job Scene Looking Rosier, Say Reports

Thursday, Jan 7, 2010  |  Updated 11:15 AM CDT
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Either the economy's improving or companies have just run out of jobs to cut.

That's the takeaway from three job reports released recently which say job cuts by employers plummetted in December, and online job ads rose, according to the Sun-Times.

Employers cut fewer jobs in December than in that month during the previous two years. Only 45,094 jobs were cut, compared to 166,348 jobs in 2007, according to Chicago-based Challenger, Gray & Christmas.

Job cuts in the automative industry also dropped 54 percent in the second half of the year, according to the report.

Meanwhile, the ADP national employment report shows a dip in payroll decreases. Payrolls dropped by 84,000 from November to December, which is the smallest decrease since March 2008.

Get the full story at Suntimes.com.

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