But it also demonstrates the continuation of a tenant's market as employment cutbacks shrink the total need for space.

Should the financial markets settle down and employment cutbacks cease, sublease availabilities should rise only marginally from current levels.

I can only attribute this to the employment cutbacks that have occurred in many of our most culturally dynamic industries, like network television, fashion and music.

As you know, the lower and middle classes have been hurt very seriously by the recent employment cutbacks.

It added that retail activity remained sluggish in California as defense-related employment cutbacks continued.

Even now, it is not suffering the losses and sweeping employment cutbacks that I.B.M. is experiencing in the United States and Europe.

Between 1981 and 1986, 10.8 million workers lost their jobs as a result of plant closings or employment cutbacks, according to the Bureau of Labor Statistics.

Analysts said that figure was a small surprise and that it suggested the company was moving rapidly on its employment cutbacks.

In the years following World War II, the region's manufacturers, especially the steel industry, found it harder to compete, leading to a period of employment cutbacks.

For one, the scale of the employment cutbacks is much smaller -when the net job loss is tallied up, it scarcely exceeds 1,000.