What Happens To The Jobless? Many Don't Bounce BackGene Koretz
Although unemployment insurance claims are down a bit from the heady pace they hit earlier this year, they're still disturbingly high-and the drumbeat of announcements of staff cutbacks by major corporations continues unabated. Indeed, according to Dan Lacey, editor of the Workplace Trends newsletter, who has kept tabs on permanent cuts by big companies since 1988, the third quarter of 1991 will almost certainly break the previous record of 110,000 job reductions announced in the first quarter of this year.
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