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Economy

Economic Data (USA)

Thursday, December 06, 2012

Challenger Report on Corporate Layoffs for November 2012

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

Job Cuts Announced during November 2012: 57,081
 
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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