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Planned layoffs drop to 14-year low as unemployment claims fall
Planned layoffs drop to 14-year low as unemployment claims fall

American companies announced the fewest planned layoffs in 14 years in September while initial unemployment claims dropped last week to near a post-recession low, two positive labor market signs ahead of Friday's jobs report. With the slowdown in job cuts last month, 2014 is on track to have the fewest layoffs since 1997, career counseling firm Challenger, Gray & Christmas Inc. said Thursday. "Job security is being helped by the fact that corporate profits remain near record highs," said the company's chief executive, John A. Challenger. "So, we may see some ebb and flow in the rate of hiring, but employers, at this point, are reluctant to make any...

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