Planned Lay-offs Rise To Highest Total In 7 Months

Lay-off announcements rose to 35,038 in November vs 29,831 in October and 26,936 in November last year. This is the highest total in seven months and, though still at an historically low level, does hint at softer-than-expected results for tomorrow's monthly employment report. Health care had the highest total for a second month with services and computer products also showing sizable totals.