recession

U.S. job growth in July fell short of expectations, indicating a slower pace in the economy, but not a recession, according to the Labor Department's report. Nonfarm payrolls increased by 187,000 jobs, slightly below the estimated 200,000. However, it was a modest improvement from the revised...

Directly or indirectly, most of the companies were hit by recession. The severe financial crunch is forcing companies, all over the world, to go for downsizing in every aspect. Every company irrespective of the cash reserves and size is keeping the employee lay off option open, during these...