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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: maceng2 who wrote (31470)	6/6/2005 11:55:05 AM
From: mishedlo	Respond to of 116555

U.S. May layoffs up 42% to 82,283, Challenger says Thursday, June 2, 2005 2:24:20 PM afxpress.com WASHINGTON (AFX) -- Corporate layoff announcements increased by 42% in May to 82,283, according to a monthly tally released Thursday by outplacement firm Challenger Gray & Christmas. So far in 2005, layoff announcements are running 4.6% ahead of last year's pace. Job cuts in the computer industry surged to 17,886 in May as companies reacted to weak demand in European markets. "With so many question marks in this economy, employers appear to be in a holding pattern," said John Challenger, CEO of the firm. "More companies are retaining their workers, but they seem reluctant to add workers."