Wednesday, February 2, 2011
The Challenger, Gray & Christmas tally of publicly-announced corporate layoffs remains unusually low. For some time now, this has been telling us that corporate America was quick to make the necessary adjustments in the wake of the financial crisis by cutting staff. This has contributed to improve overall productivity and keep corporate profits strong, and it also means that corporations are "lean and mean" and will likely have to increase hiring activity as the economy continues to expand. All in all, a very reassuring indicator.
Posted by Scott Grannis at 9:30 AM