Jobless Claims Decline, but August Layoffs Soar to Historic Levels as Economic Worries Grow
By Tom Ozimek The U.S. Department of Labor reported that the number of Americans filing new applications for unemployment benefits inched down last week, while data from outplacement firm Challenger, Gray & Christmas showed that layoffs soared for the entire month of August, painting a mixed picture of labor market health. New filings for jobless […]
By Tom Ozimek The U.S. Department of Labor reported that the number of Americans filing new applications for unemployment benefits inched down last week, while data from outplacement firm Challenger, Gray & Christmas showed that layoffs soared for the entire month of August, painting a mixed picture of labor market health. New filings for jobless benefits, a proxy for layoffs, fell by 5…
