Challenger's count of layoff intentions slipped to 50,349 in November vs. October's 55,679. In a reminder of how much layoffs have eased, the year-ago total for November was 181,671. But a bad sign is a lack of hiring intentions, totalling only 10,076 in the month vs. October's 57,520.
ADP estimates November private payrolls will drop 169,000.
The Long History of Underreporting Inflation
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