Thursday, October 1, 2009

Challenger Job Cut Survey Drops

From Marketwatch:

Major U.S. corporations announced the fewest number of layoffs during September than at any time since March 2008, in a "sign of further job-market stabilization," according to a monthly tally compiled by outplacement firm Challenger Gray & Christmas.

Planned layoffs fell to 66,404 last month, down 13% compared with August and down 50% compared with September 2008.

For the third quarter, planned job reductions as tracked by Challenger Gray totaled 240,233, the fewest since the first quarter of 2008.