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Employers in the U.S. announced fewer job cuts in March than a year earlier, another sign of healing in the labor market.

Planned firings fell by 8.8 percent from March 2011 to a 10-month low of 37,880, according to figures released today by Chicago-based job placement firm Challenger, Gray & Christmas Inc. Job cuts at government and nonprofit agencies were down 86 percent last quarter compared with the same period in 2011, the report showed.

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