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Economic Data (USA)

Wednesday, October 01, 2008

Challenger Report on Corporate Layoffs for September 2008

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

U.S. Job Cuts Announced during September 2008: 95,094

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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Blogger custom trains said...

There are only so many jobs at each level. The higher the level of the job, by its nature, the less jobs there are. We live in a world that is addicted to spending. Unfortunately, it feels we have been sold a promise that, if trained, there should be a job in the world for all of us. However, as the top gets narrower, if we trained the whole world for the top, there would always be bickering.

Wednesday, October 01, 2008 11:12:00 PM  

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