The Employee Point of View: The Economic Downturn

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The Employee Point of View: The Economic Downturn
As the current economic downturn worsens, employers are scrambling to trim discretionary spending and, increasingly, to reduce payroll. Layoffs are on the rise in the U.S. workforce, with 651,000 jobs cut in February 2009 for a total of about 4.4 million jobs lost since December 2007.

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