Thursday, October 03, 2013 8:54:55 AM
Challenger Job-Cut Report
Released On 10/3/2013 7:30:00 AM For Sep, 2013
Prior Actual
Announced Layoffs - Level 50,462 40,289
Highlights
Layoff announcements did fall to 40,289 in September vs 50,462 in August but the total is still the second largest since April. For the third time in the last five months, the largest number of announcements, 8,128 in September, were out of health care reflecting what the report said are lower government reimbursements tied in part to the sequester. The second most layoff announcements in the month came out of financial, at 6,932 and reflecting cuts in foreclosure operations in what is a good indication on the economy. Next data on the jobs market will be jobless claims and the Gallop payroll to population report later this morning at 8:30 a.m. ET followed at 10:00 a.m. on the Econoday calendar with the ISM report and the non-manufacturing employment index.
Released On 10/3/2013 7:30:00 AM For Sep, 2013
Prior Actual
Announced Layoffs - Level 50,462 40,289
Highlights
Layoff announcements did fall to 40,289 in September vs 50,462 in August but the total is still the second largest since April. For the third time in the last five months, the largest number of announcements, 8,128 in September, were out of health care reflecting what the report said are lower government reimbursements tied in part to the sequester. The second most layoff announcements in the month came out of financial, at 6,932 and reflecting cuts in foreclosure operations in what is a good indication on the economy. Next data on the jobs market will be jobless claims and the Gallop payroll to population report later this morning at 8:30 a.m. ET followed at 10:00 a.m. on the Econoday calendar with the ISM report and the non-manufacturing employment index.
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