Wednesday, September 19, 2007

oops more job losses

Subprime layoffs head for record

Overall, that brought the total layoff damage to 107,758 in the financial industry this year. Another month that even remotely resembles recent trends will send the layoff total soaring past the 116,515 mark set during the recession of 2001. And that could spread to other sectors too. "We'll now start to see how it impacts as the effects ripple into the other areas," said Challenger, Gray & Christmas CEO John Challenger. "The mortgage industry grew and grew because we created buyers who traditionally wouldn't have qualified," same in uk??

Posted by mark @ 05:32 PM (586 views)
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