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Good News: Job cuts hit lowest point since 2006

National ouplacement consultant Challenger, Gray & Christmas reports today that the number of job cuts has dropped to its lowest level since June 2006. That’s half the battle. The bad news is that eocnomists are calling for slow recovery this year, in the 2.5-3 percent range. That means relatively little new hiring as companies continue to work their existing work forces a bit harder, hiring only here and there. The unemployment rate has been projected by many to remain above 9 percent through the year.