Pffffffffffffffffffft!!!!

That's the sound of economic recovery nowadays.

Employers announced 110,996 job cuts in June, compared to 82,283 in May, according to a monthly report issued by Challenger, Gray & Christmas.

June job cuts rose 73 percent from the year-ago period. So far this year, 538,274 job cuts have been announced this year, 14 percent more than the six-month total of 472,735 last year.

Despite reports that show economic growth and job gains, major layoff announcements in the auto and retail sectors contributed to the surprise June number.

"The fact that job cuts are rising in the summer is not even the most surprising trend. The surprise is that we are seeing a growing number of mass job cuts," said John A. Challenger, chief executive officer of Challenger, Gray & Christmas.

Hey, at least now we can all get discounts like layed-off GM employees.