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Economy

Economic Data (USA)

Wednesday, February 04, 2009

Challenger Report on Corporate Layoffs for January 2009

Earlier today, the outplacement company Challenger released their report on corporate layoffs for January 2009:

U.S. Corporate Job Cuts Announced during January 2009: 241,749

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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