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Planned Layoffs Drop by 32% in December

“The number of planned layoffs at U.S. firms plunged by 32 percent in December to the lowest monthly total in more than 13 years, a report on Thursday showed.

Employers announced 30,623 layoffs last month, down from 45,314 in November, according to the report from consultants Challenger, Gray & Christmas, Inc.

The last time employers announced fewer job cuts was June of 2000, when 17,241 planned layoffs were recorded.

The figures come a day ahead of the closely-watched U.S. non-farm payrolls report, which is forecast to show the economy added 196,000 jobs in December

On Wednesday, payrolls processor ADP reported private employers added 238,000 jobs last month. That was well above market forecasts and has fed speculation of stronger overall U.S. growth in 2014….”

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