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Gold/Mining/Energy : A to Z Junior Mining Research Site

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To: Jim Willie CB who wrote (4296)	5/6/2003 9:35:22 AM
From: 4figureau	Read Replies (1) of 5423

Planned layoffs jump 71%, report says NEW YORK (Reuters) — Planned job cuts at U.S. employers jumped in April to its highest since November, confirming that the national employment picture remained bleak despite the end of the war in Iraq, a report Monday showed. U.S. firms announced 146,399 planned layoffs in April, 71% more than 85,396 job cuts planned in March, employment research firm Challenger Gray & Christmas said in a statement. U.S. unemployment jumped to a four-month high of 6% in April and businesses cut jobs for a third straight month, the government said Friday. "The sharp increase in job cuts last month should serve as a warning that it is premature to conclude that the quick end to the war in Iraq will bring a quick turnaround in the economy and job market," said John Challenger, chief executive of Challenger Gray & Christmas. Forty percent of the job cuts in April came from the public sector as state and local governments battle financial crises, the report said. The 57,927 job cuts announced by government agencies in April were the largest one-month total from a single industry since Sept. 11, 2001. usatoday.com

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