shadow

Keeping Track: job cuts

A slight rise, along with unemployment, in April

The US jobless rate hit a near eight-year high in April, the Department of Labor reported Friday. The unemployment rate rose to 6 percent, up from 5.7 percent in March. That's the highest level since Aug. 1994.

Still, by one measure, layoffs have ebbed this spring after reaching a peak following Sept. 11.

Some 112,649 job cuts were announced last month, according to Challenger, Gray & Christmas Inc. That's up slightly from 102,315 in March, but down considerably from the peak of 248,332 last September.

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