QE to end all QEs
CIGA Eric
Challenger suggests that the employment picture remains “cloudy.” A potential short-term inflection point within an up trend in planned layoffs confirms this outlook. Keep this in mind as the talking heads spin QE2 as the QE to end all QEs.
Challenger, Grey, and Christmas Announced Layoffs (ALO) And YOY Change 
Headline: Planned layoffs rise in June: Challenger
The number of planned layoffs at U.S. firms increased for the second month in a row in June, though downsizing in the first half of the year was at the lowest level since 2000, a report on Wednesday showed.
Employers announced 41,432 planned job cuts last month, up 11.6 percent from 37,135 in May, according to the report from consultants Challenger, Gray & Christmas, Inc. Job cuts were up 5.3 percent from 39,358 in June last year.
"The employment picture remains a bit cloudy," John Challenger, chief executive of Challenger, Gray & Christmas, said in a statement.
Source: finance.yahoo.com
