Companies' efforts to cut costs will dampen U.S. labor market.
By Shobhana Chandra and Steve Matthews, Bloomberg|October 02, 2012 at 06:24 AM
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Weakening demand is forcing new and accelerated cost reductions at companies from Bank of America Corp. and Hewlett-Packard Co. to Staples Inc. and Eastman Kodak Co., dimming the outlook for an already struggling U.S. labor market.