Wednesday, June 3, 2009

Corporate layoffs have plunged

This is a powerful sign that the economy is on the mend. According to the Challenger, Gray & Christmas, announced corporate layoffs in May were down 55% from their January high. They are now down almost to levels that could be considered normal.


Public Library said...

That is because we now have more people on government assistance and I am not talking about unemployment.

How many employees make up AIG, GM, Chrysler, Citi, BofA, and the other companies that mismanged their fiannces but thanks to Timmy G have nothing to worry about for the next 5 to 10 years.

Our future growth rate will reflect the "green shoots" we pay for today.

Scott Grannis said...

I think you're being overly skeptical. There's no way the government takeovers could account for this huge drop in layoff announcement. Plus, you've got to consider that there are tons of green shoots out there which lend support to the theory that the economy is improving.