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Strategies & Market Trends : Paint The Table

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To: Venkie who wrote (17615)	3/5/2002 11:38:54 AM
From: Augustus Gloop	Read Replies (1) of 23786

February layoffs plunge 40 percent John Challenger, CEO of Challenger, Gray & Christmas, discusses the numbers on CNBC MSNBC STAFF AND WIRE REPORTS NEW YORK, March 5 — Layoff announcements at U.S. firms fell 40 percent in February from January, but the number of job cuts was still too high to signal that a rebound in the nation’s battered job market is near, Challenger, Gray & Christmas said Tuesday. Meanwhile, a key gauge of activity in the massive U.S. services sector recovered in February, after an unexpected contraction in the previous month.

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