Wednesday, October 5, 2011

Announced Job Cuts in U.S. More Than Triple From Year Ago

Sept Layoffs Highest in 2 Years... - Reuters via Drudge

115,730 job cuts last month, more than double August's 51,114..More Than Triple From Year Ago. - Bloomberg

Compared with August, job-cut announcements climbed 126 percent, the Challenger report showed. Because the figures aren’t adjusted for seasonal effects, economists prefer to focus on year-over-year changes rather than monthly numbers.