Challenger reports a steep decline in layoff

January 3, 2008 at 11:23 pm | Posted in economy, USA | Leave a comment
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Challenger reports a steep decline in layoff announcements in what may be good news for tomorrow’s employment report. Layoff announcements totaled 44,416 in December vs. November’s 73,140 and a total of 54,643 in December 2006. The report contrasts with the Monster employment report which shows a big dip in online recruiting during December. ADP’s report later this morning followed by weekly jobless claims will offer market-moving data on the jobs market.

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