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Economy

Economic Data (USA)

Wednesday, May 02, 2007

Challenger Report on Corporate Layoffs for April, 2007

Earlier today, the outplacement company Challenger released their report on corporate layoffs for April, 2007:

U.S. Job Cuts Announced during April, 2007: 70,672

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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