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Economy

Economic Data (USA)

Wednesday, July 02, 2008

Challenger Report on Corporate Layoffs for June 2008

Earlier today, the outplacement company Challenger released their report on corporate layoffs for June 2008:

U.S. Job Cuts Announced during June 2008: 81,755

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.

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