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Economy

Economic Data (USA)

Thursday, January 04, 2007

Challenger Report on Corporate Layoffs for December, 2006

Earlier today, the outplacement company Challenger released their report on corporate layoffs for December, 2006:

U.S. Job Cuts Announced during December, 2006: 54,643

When the corporate layoff numbers are high, consumer spending may decline, since there are less people with steady jobs.

When corporate layoffs are low, this can mean that the job market is relatively tight, which can be a harbinger of wage inflation.


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