Oil-related Job Cuts Climb To Six-month High: Challenger

Oil-related job cuts totaled 13,671, the highest job-cut total for the sector since April, outplacement firm Challenger, Gray & Christmas said Thursday. Total job cuts fell 14% to 50,504, which is down 1.3% from 12 months ago. Employers have now announced 543,935 job cuts so far in 2015, up 31% from the year-to-date period in 2014, with oil prices responsible for about a fifth of that.

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