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Economic Data (USA)

Thursday, October 04, 2012

Challenger Report on Corporate Layoffs for September 2012

Earlier today, the outplacement company Challenger released their report on corporate layoffs for September 2012:

U.S. Corporate Job Cuts Announced during September 2012: 33,816

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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