Layoffs rise 68 percent in April vs March | G.O.O.D

Mountain House Freeze-Dried Food « “Hostile” Iran Sparks U.S. Attack Plan Fed joins with European banks to battle credit crisis » May 02 2008 Layoffs rise 68 percent in April vs March Posted by: Joshuah in Economics From Reuters U.S. companies’ planned layoffs jumped 68 percent in April from the prior month to the highest since September 2006, pointing to further deterioration in the labor market, a report showed on Thursday. Planned job cuts in U.S. companies totaled 90,015 last month, up from 53,579 in March and up 27 percent from a year earlier, employment consulting firm Challenger, Gray & Christmas Inc. reported. The April layoffs were the steepest since the 100,315 cuts announced in September 2006. Most of the announced job cuts came from the financial sector, due to the housing slump and about $300 billion in write-downs on bad mortgages and investments, the firm said. This entry was posted on Friday, May 2nd, 2008 at 5:20 am and is filed under Economics. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site. Leave a Reply You must be logged in to post a comment. Login »
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Creative Commons Attribution 3.0 United States

Creative Commons Attribution 3.0 United States