Wednesday, May 2, 2007

U.S. layoffs rise by 44 pct in April vs March-survey

(Reuters) - The financial sector now leads all others in job cuts for the year with 50,221. The automotive sector ranked second with 27,570 announced job cuts this year, Challenger said.

Financial sector cuts in April included more than 6,000 resulting from a weak housing market and its impact on mortgage lenders, Challenger said.


Read more at Reuters.com Bonds News

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