US layoffs fall 14%

U.S.-based employers dialed back layoffs in October from the previous month, but the number of job cuts attributable to low oil prices ticked back up to a six-month high.

According to a study by global outplacement firm Challenger, Gray & Christmas, October payroll reductions dropped by 14 percent from September to 50,504. They also were down 1.3 percent from the same month of 2014.

Over a quarter of the job cuts, or 13,671 positions, were blamed on falling oil prices.

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