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Wednesday, August 05, 2009

Report: Planned Layoffs Accelerated In July


Widely watched report signals more unsettled times ahead for workers

NEW YORK
- Planned layoffs at U.S. firms increased in July for the first time in six months, signaling more uneasy times for workers and a continued drag on consumer spending and the broader economy.

Planned job cuts announced by U.S. employers totaled 97,373 last month, up 31 percent from June when it had hit a 15-month low, according to a report released on Wednesday by global outplacement consultancy Challenger, Gray & Christmas, Inc.

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2 comments:

Anonymous said...

What will happen to all the people that are currently working at insurance companies? What will this new health care bill do to them?

Anonymous said...

The same thing that has and is happening to all the hard working Middle Class Americans that have had their jobs shipped over seas or just had the company go under. They get scared, then they feel guilt, then they get mad. After that,Ill get back with you.