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Corporate Layoffs Subsiding Substantially

Source: http://feedproxy.google.com/~r/TheGoodNewsEconomist/~3/Tpoqhm95q7U/corporate-layoffs-subsiding.html
Posted on Thursday, March 5th, 2009 | In Economics
Contributed by: Eldon Mast (http://mast-economy.blogspot.com/) -

pa href=”http://feedads.googleadservices.com/~a/ia2JQl69Udr53U14D2pLw5yMcPQ/a”img src=”http://feedads.googleadservices.com/~a/ia2JQl69Udr53U14D2pLw5yMcPQ/i” border=”0″ ismap=”true”/img/a/pThe good news for jobs this week is that a major study now shows that corporations have either finished their layoffs for now or have significantly curbed those actions.br /br /”The decline in job cuts last month offers some hope that January was the peak and we will now see layoffs begin to fall or at least stabilize,” said John Challenger, chief executive officer of Challenger Gray amp; Christmas the authors of the study.br /br /According to the report, major U.S. companies surveyed in the study announced only 186,350 job reductions in February, down significantly from January when the cuts totaled 241,749.br /br /On Thursday all eyes will be on a href=”http://bloomberg.econoday.com/byshoweventfull.asp?fid=437656amp;cust=bloombergamp;year=2009″initial claims for unemployment/a. Following the Challenger, Gray amp; Christmas report it will likely also show those initial claims falling.br /br /If so, we may just be reaching an important tipping point. You might just be observing a style=”color: rgb(51, 51, 255);” href=”http://mast-economy.blogspot.com/2009/02/101-economic-postives.html”one more catalyst/aspan style=”color: rgb(51, 51, 255);” /spanto fuel another significant a style=”color: rgb(51, 51, 255);” href=”http://mast-economy.blogspot.com/2009/02/bull-market-move-swift-and-steep.html”rally in the equities markets/a.div class=”blogger-post-footer”div/div
No Gloom here. Only Good News.
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Last 5 posts by Eldon Mast





About Eldon Mast (http://mast-economy.blogspot.com/)
Eldon Mast has been investing since the time he earned his first dollar back in the 1970s. He is particularly interested in how moods effect the market. In good times and bad, he has observed a peculiar fascination by the mainstream media on "bad news." He has also observed in business and investing that there is always a silver lining somewhere. You just have to find it. And when he finds it Mr. Mast enjoys talking about it and writing about it. It is out of that interest that the Good News Economist Blog was born.

As a valedictorian of his class, Mr. Mast holds a B.S. in Computer Science from Millersville University of PA, and enjoys writing about and marketing anything, technical, computer, internet, or finance related.

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