Bloomberg Anywhere Remote Login Bloomberg Terminal Request a Demo

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Businessweek Archives

Job Hopes Were Wilting At Summer's End


Economic Trends

JOB HOPES WERE WILTING AT SUMMER'S END

Notwithstanding the confusing August employment numbers (both the jobless rate and payroll employment declined), two recent reports suggest job growth will stay subdued. Challenger Gray Christmas Inc., an outplacement firm, counted nearly 47,000 planned corporate job cuts in August. That's the second-highest monthly tally of layoff announcements since January.

Meanwhile, the National Federation of Independent Business reports that its small-business optimism index in August fell back to recession levels. Expectations of better economic conditions by small business owners, who are responsible for all of the job growth in recent years, sagged to a 20-year low.GENE KORETZ


LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus