“October is traditionally a tough month for American payrolls and one in which pink slips proliferate, but last month was worse than expected. The pace of layoffs at U.S. corporations spiked by 125%, with employers announcing some 171,874 job cuts, from just 76,506 in September, according to Challenger, Gray & Christmas, an outplacement firm that tracks such announcements. That surge in layoffs ended five consecutive months in which the total of announced cuts was below 100,000. And it supported information released yesterday about manufacturing payrolls that indicated the country’s rapid economic reported for the third quarter isn’t translating into reduced unemployment. The Labor Department will announce the October unemployment numbers on Friday.”
The WSJ Online
November 4, 2003
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.