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Layoffs Jumped 71% in April Despite War's End
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| Contributor | RP |
| Last Edited | RP May 05, 2003 05:03pm |
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| Category | Analysis |
| Media | Website - Yahoo News: Iran |
| News Date | Monday, May 5, 2003 11:03:08 PM UTC0:0 |
| Description | Job cuts announced at U.S. employers jumped in April to their highest monthly tally since November, a report showed on Monday, confirming the end of the war in Iraq did not stop companies from firing more workers.
"The sharp increase in job cuts last month should serve as a warning that it is premature to conclude that the quick end to the war in Iraq will bring a quick turnaround in the economy and job market," Challenger Chief Executive John Challenger said in a statement. |
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