When it rains...

Message from moi:

Dow down 300 yesterday.   Payroll numbers might move the market.  A weak number may lead to a rally.  What's good for Main street is bad for Wall Street and vice versa.

Published on Zero Hedge (http://www.zerohedge.com)

Home > Payrolls Watch: July Challenger Job Layoffs Surge Most In Over 2 Years

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Payrolls Watch: July Challenger Job Layoffs Surge Most In Over 2 Years

By Tyler Durden

Created 07/31/2014 - 19:16

With the world waiting for tomorrow's "most important data of the year" payrolls report as their signal to BTFD or follow Yellen Capital's recommendation and "sell," we thought it perhaps of note that this morning's Challenger jobs data was extremely weak. Layoffs in July surged 49% (the most since May 2012) to 46,887. This is the 2nd most layoffs in 11 months. The heaviest layoffs were in the Western region and also most concentrated in the auto industry.

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Source URL: http://www.zerohedge.com/news/2014-07-31/payrolls-watch-july-challenger-job-layoffs-surge-most-over-2-years