US DATA: Aug Challenger layoffs 32,239, lowest since Dec’10 and -12.5%
from 36,855 July, making it the third consecutive decline in cuts.
Aug’12 was -37% YOY from 51,114 in Aug’11. Could reflect a new trend or
simply be a summer lull in cuts, Challenger says. Aug cuts were led by
telecom where Google acqured Motorola business.