ECONODAY: Large-scale cuts in the energy sector continue to swell Challenger's layoff count, at 65,141 in April vs 48,207 in March. Energy layoffs in April totaled a very large 19,759 which is still short of recent highs of 25,051 and 20,103 in February and January. Cuts in energy are tied, of course, to low energy prices while cuts in the computer sector, at an unusually large 17,015 in April and reflecting action at Intel, are the result of the shift in consumer demand toward mobile devices. April's heavy count of layoff announcements had no effect on jobless claims in the month which edged toward historic lows. And these results, though they do point to rising corporate cut-backs, are not likely to lower expectations for tomorrow's employment report where in-trend strength is expected...
