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Beef recall announced over E. coli fears
CHICAGO, Sept. 6 (UPI) -- U.S. employers announced 32,239 layoffs in August, the lowest number since December 2010, a private outplacement firm said Thursday.
Outplacement specialist Challenger, Gray & Christmas said announced job cuts dropped 12.5 percent from July's total of 36,855. Job cuts also dropped 37 percent from August 2011, when 51,114 layoffs were announced.
For 2012, January through August, 352,185 layoffs have been announced, "nearly unchanged from a year ago," the monthly report said.
In the first eight months of 2011, employers announced 363,334 job cuts.
"Fewer job cuts over the last three months have effectively reversed a trend that saw increased downsizing through the first half of 2012," Challenger, Gray & Christmas said in a release.
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| Additional Business News Stories | |
ERBIL, Iraq, June 19 (UPI) --
Iraq's Kurds have consolidated their growing energy sector with Chevron Corp. securing a third exploration block in the semiautonomous northern region that increasingly operates as a de facto independent state and France's Total buying a majority stake in another.
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SAO JOSE DOS CAMPOS, Brazil, June 19 (UPI) --
Brazilian aircraft maker Embraer hopes to continue building up its sales of private jets at the same time as it expands capacity in defense, security and tactical transport.
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Properties repossessed by lenders in the first quarter took an average of 477 days to complete the foreclosure process, up from 414 days in the previous...
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Nobody likes spending cuts but the champion of that attitude is clearly President Barack Obama, who seems to have a very clear pain-avoidance agenda.
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