Tag: The economy is starting to cool — but the job market is 'like an inferno' – CNN
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The economy is starting to cool — but the job market is 'like an inferno'
US employers announced just 20,485 layoffs in August, the lowest year-to-date total since 1993, according to data released Thursday from outplacement firm Challenger, Gray & Christmas. A separate report from the Labor Department revealed that initial jobless claims for the week ended August 27 fell to 232,000, a drop of 5,000 from the previous week’s…