Business News

Job Lay-offs Surge But From Record Lows

We start the day at record highs on both the S&P 500 and the Dow.  But we may move lower as economic conditions in Europe are weighing down early trading. (Fox Business News)

The number of planned layoffs by US employers surged nearly 70% in October after falling to a 14-year-low in September. Employers planned to cut 51,183 jobs in October, the second highest reading this year. The retail sector led the job losses with 6,874 planned layoffs. (Challenger, Gray & Christmas)

The pace of growth in the US services sector slowed in October, hitting its lowest level in six months. The final services sector Purchasing Managers Index slipped to 57.1 in October from 58.9 in September. (Reuters)

In the aftermath of last year’s monumental data breach Target has decided to close 8 stores in May, including two stores in the Las Vegas area and two stores in Ohio. This week, Target announced it will be closing 11 more stores in the U.S., including two Chicago-area locations and three Targets in Michigan. None of the closings are in Oregon. (Money)

Another past time struggles. Sixty million Americans bowled at least once this year, but many serious bowlers are taking up other sports, Today, there are only 4,666 certified bowling alleys in the U.S., down from roughly 11,000 in the 1960s. (Wall Street Journal)

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