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Layoff Wave Eases 32%,
Still Higher Than Year Ago
1U.S. job layoffs fell to 140,019 in August from July's 205,975, reported outplacement firm Challenger, Gray & Christmas. The number is still 145% higher than August 2000. High-tech layoffs led the way; telecom, computer and electronics layoffs skyrocketed 1,223% from a year ago. The report concluded there is no evidence that "a significant sustainable rebound is on the horizon for this year or even early next year."More on A11
Fox Wants Immigrant Deal
With U.S. By End Of Year
2Mexican President Vicente Fox challenged the U.S. to strike an agreement on immigration reform that quickly. President Bush said "there is no more important relationship" than Mexico's, but did not embrace Fox's deadline to address the issue of allowing Mexicans to work legally in the U.S. The timetable surprised U.S. officials, who have been trying to lower expectations. Even some Mexican officials said they had no notice of Fox's remarks.
Microsoft Reaffirms Outlook