The global payroll lost over 76,000 jobs yesterday, thanks to major cuts at firms like...

|By:, SA News Editor

The global payroll lost over 76,000 jobs yesterday, thanks to major cuts at firms like Caterpillar (CAT), GM (GM), Sprint Nextel (S), Home Depot (HD) and Pfizer (PFE). On the plus side, strategists point out that major layoffs are often a late-cycle indicator.