John A. Challenger

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Job Cuts Fall 29 Percent Vs. Year Ago, In Spite of Growing Mortgage Drag

Oct 03, 2007By

Chicago-based Challenger, Gray & Christmas Inc. said today that job cuts fell to 71,739 last month from 100,315 in September 2006 — certainly an interesting result. The firm said that fewer firings in automakers and parts suppliers contributed to the overall improvement. That’s not to say the impact of mortgage job losses isn’t being felt, and won’t hurt overall numbers at some point in the future. From Bloomberg:

3d rendering of a row of luxury townhouses along a street

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