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Economic Data (USA)

Wednesday, August 01, 2007

Challenger Report on Corporate Layoffs for July, 2007

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

U.S. Job Cuts Announced during July, 2007: 42,897

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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