Sep 07 Reuters: U.S. Factory Activity Contracts in August; Layoffs Remain Low

Original article: http://in.reuters.com/article/us-usa-economy-idINKCN1174T1

“In a third report on Thursday, global outplacement consultancy Challenger, Gray & Christmas said employers in the United States announced plans to shed 32,188 workers from their payrolls in August, down from 45,346 in July.

The computer sector dominated the job cuts last month, with Cisco Systems (CSCO.O) announcing plans to reduce its workforce by 5,500 jobs. There were also layoffs in the energy, industrial goods and entertainment and leisure sectors.”