Reconsidering Renewed Mass Layoffs

Law360, New York (August 29, 2011, 3:05 PM EDT) -- The ongoing slump in global markets, combined with the recent U.S. credit downgrade by Standard & Poor’s, has business leaders asking: Will this “recovery” last? The rebound in hiring expected six months ago has fallen short of expectations. The latest U.S. jobs report (117,000 jobs added in July) buoyed Wall Street a bit. In the first week of August, however, the S&P 500 experienced its worst weekly drop since November 2008.

That was before the U.S. lost its AAA credit rating. Most analysts still project a...
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