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Economic Data (USA)

Wednesday, September 05, 2007

Challenger Report on Corporate Layoffs for August, 2007

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

U.S. Job Cuts Announced during August, 2007: 79,459

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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