US Job Cuts at 8-Month High in Sept.
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US planned job cuts soared to an eight-month high in September while new hiring rose only slightly, a report said on Tuesday. Employment consulting firm Challenger, Gray &amp; Christmas Inc.
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Planned job cuts announced by employers hit an eight-month high of 107,863 in September, 41 percent more than a year ago, according to a monthly report released Tuesday by outplacement firm Challenger, Gray &amp; Christmas, Inc.
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WASHINGTON  - Job-cut announcements by US companies fell 5.6 percent in October to 101,840, according to outplacement firm Challenger Gray and Christmas.
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The August unemployment figure that just came out is the most politically charged economic number of the campaign -- at least until next month, when the September figures come out.
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Planned job cuts in the United States auto industry reached 151,457 this year through November.
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US manufacturing growth slowed more than expected in September - its sharpest drop in over a year - official figures show.
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The US economy added 337,000 now jobs in October, a seven-month high and much higher than Wall Street expectations.
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US weekly unemployment claims plunged by 44,000 in the week ended September 4, to 319,000, the Labor Department revealed.
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The US created 96,000 jobs in September, a slowdown from the previous month, in the last major figures before November's election.
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An index of US services dropped to a 16-month low in September, suggesting high energy prices may limit economic expansion. Yet a gain of more than 50 percent in the cost of oil this year didn't prevent executives from increasing hiring.
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A study of offshore outsourcing by the Brookings Institution indicates that some metropolitan areas in the U.S. could lose IT jobs in disproportionately heavy numbers over the next eight years.
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A Chicago outplacement firm says planned job cuts announced by employers hit an eight-month high of 107,863 in September. Challenger, Gray &amp; Christmas, in a report released Tuesday
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New U.S. jobs soared at the sharpest  rate in seven months in October, the government reported on  Friday, helped by a surge in construction activity as  hurricane-battered areas in the Southeast were rebuilt.
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Productivity increased at an annual rate of 1.8 percent in the quarter, down from a 6 percent rate in the July-September period, while wage pressures increased, the government reported.
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SHOWER OF PINK SLIPS: U.S. employers cut jobs last month for the first time in more than four years, the starkest signal yet that the economy is grinding to a halt if it hasn't already toppled into recession. Employers cut jobs by 17,000.
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Washington: The US labor market escaped a quagmire in October, churning out a seven-month record of 337,000 jobs -- far more than predicted by Wall Street.
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Planned U.S. lay-offs rocketed in August as the housing slowdown and subprime mortgage debacle led to record job cuts in the financial sector, an independent report showed on Wednesday.