U.S. Planned Layoffs Fall, 2009 Total Hits 1 Million
source: http://www.reuters.com/article/businessNews/idUSTRE5812WX20090902?feedType=RSS&feedName=busi...
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Planned layoffs at U.S. firms fell in August, suggesting less stress on the labor market and improvements in consumer spending and the broader economy in the coming months, a report released on Wednesday showed.(Goldstein, M., 2009, September 2, par.1)
Planned job cuts announced by U.S. employers fell to 76,456 last month, down 21 percent from 97,373 in July, according to a report released by global outplacement consultancy Challenger, Gray & Christmas, Inc.
(Goldstein, M., 2009, September 2, par.2)
While the rate of layoffs has slowed, the cumulative number of job cuts has climbed to 1.07 million from January through August, 60 percent higher than the same period a year earlier. But August's layoffs were the second smallest monthly total so far in 2009, the firm said. It also marked the sixth time in the past seven months that job cuts fell from the prior month.
(Goldstein, M., 2009, September 2, par.3-4)
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