MURDER, POLITICS, AND THE END OF THE JAZZ AGE
by Michael Wolraich
Companies in January announced plans to trim fewer than 39,000 jobs, according to outplacement firm Challenger, Gray & Christmas — 46% fewer than a year earlier and the fewest planned layoffs in January since Challenger began keeping track in 1993.
For all 2010, planned layoffs hit a 13-year low.
Result: The U.S. labor force has been split into two groups: the relieved and the desperate.
Those who have a job are less likely to lose it than at any point in at least 14 years. Those who are unemployed are in trouble.