Facebook icon Twitter icon Linkedin icon Flipboard icon Print icon Resize icon Job cuts announced by U.S.-based employers spiked to 671,129, the highest single-month total on record, according to outplacement firm Challenger, Gray & Christmas. Challenger began tracking job-cut announcements in January 1993. April's total is 202% higher than the 222,288 job cuts announced in March and 1,577% higher than the 40,023 cuts announced in the same month last year.

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Pelosi signals support for massive new payroll subsidies as small-business loan fund nears expiration.

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