Challenger Report on Corporate Layoffs for May 2008
Earlier today, the outplacement company Challenger released their report on corporate layoffs for May 2008:
U.S. Job Cuts Announced during May 2008: 103,522
If corporate layoffs are high, consumer spending may decline, since there would be fewer 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.
U.S. Job Cuts Announced during May 2008: 103,522
If corporate layoffs are high, consumer spending may decline, since there would be fewer 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.
Labels: challenger, corporate_layoffs, employment, job_cuts, jobs
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posted by Steve Brown | 6/04/2008 01:38:00 PM
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