Analysts have called it the "no-hire, no-fire" economy. But the thousands of job cuts announced by Amazon.com Inc. and United Parcel Service Inc. on Tuesday may suggest that the U.S. job market's current state of suspension has changed for the worse.
United Parcel Service posted third-quarter results that handily beat Wall Street's expectations and gave details about its turnaround efforts, including approximately 34,000 job cuts.
