Wednesday, January 6, 2010
Another update in a long-running series. Announced corporate layoffs are now down to levels that in the past have been consistent with healthy economic growth, according to the folks at Challenger, Gray & Christmas. The firing storm has passed. Of course, we are still waiting for the other shoe to drop. Now that layoffs are back to normal, when will firms start hiring? With confidence returning and demand picking up, it's only a matter of time.
As this next chart suggests, it might be only a month or so until firms begin adding to payrolls instead of subtracting.
Posted by Scott Grannis at 8:38 AM