Skip to comments.Layoffs In September EXPLODE 126% In Worst Month Since April 2009
Posted on 10/05/2011 7:39:44 AM PDT by SeekAndFind
Just out from Challenger, the latest survey of job cuts:
Employers announced plans to shed 115,730 workers from their payrolls in September, making it the worst job-cut month in over two years. Heavy reductions planned by the military accounted for a large portion of September job cuts, signaling what may lie ahead as the federal government seeks across-the-board cuts in spending.
September job cuts were 126 percent higher than the 51,114 announced in August, according to the latest report on monthly job cuts released Wednesday by global outplacement firm Challenger, Gray & Christmas, Inc. They were 212 percent higher than September 2010, when employers announced just 37,151 job cuts. Last months total is the highest since April 2009, when 132,590 job cuts were announced.
Here's the industry breakdown table.
(Excerpt) Read more at businessinsider.com ...
The cuts are distributed pretty much throughout the economy. Both retail and manufacturing sectors are well represented.
Hope and change. FUBO
OTOH, if the gov't is actually cutting costs, that may be a pre-leading indicator (but I'm not convinced).
RE: I’ve never seen someone so excited about the deterioration of the economy as this guy. Jeez
MISERY LOVES COMPANY.
ADP has just reported that net private-sector employment was up 91,000 in September. So somebody must be hiring to offset these layoffs.
State Gumments are cutting drastically, Feds are hiring!!
91k is a really bad number.
Well, it’s not great, but it beats -91K.
October will be even worse. I and 200 of my coworkers just got laid off at defense contractor Northrop Grumman laser systems division. They axed 160 back in March and will do another 200 in the spring.
I was there for 33 years and I was sure I’d retire there. Currently firing the pool Guy and the landscaper. I told them it was simply due to trickle down obamanomics. I got laid off so they get laid off and I told one of them he was part of the problem if he voted for obama.
I find it hard to understand how the government’s management people could let such an essential function as that provided by your husband even become heavily dependent on one person. There’s no redundancy in the reliability system. Then, they further compound their foolishness by firing that same person!
My sympathies on your situation.
On the bright side, he may get to hire back as a special consultant at a much higher rate than he previously earned, if he doesn’t help his replacements for free over the phone.
Healthcare organizations are cutting their losses due to increases in health care insurance coverage for their people.
I work in the healthcare IT industry and will be unemployed as of 10/31. They’re cutting everything and piling mounds of work on top of people with the expectation that things will continue to hum along uninterrupted.
Next time you go to the hospital, take a look around at all of the nifty gadgets and systems they use. They all require people to maintain those systems and servers, and now they’re cutting that staff to make ends meet. Enjoy!
“ADP has just reported that net private-sector employment was up 91,000 in September. So somebody must be hiring to offset these layoffs.”
Looks like these are planned layoffs that haven’t shown up in the system yet.
Debbie Wasserman-Nutjob/Schultz YESTERDAY:
“ANYONE can see that the economy is IMPROVING!”
Perhaps these "anyones" who are now jobless and pretty much hopeless would like to have a "one on one" meeting with the head of the dnc???
but the dems say they can see the economy grow.
Sorry to read of your difficulties, hope things turn around for you soon.
Me too! Two weeks ago from areospace after 30 years. DOD Job. Spy satellites.
Thanks for that prairie. There are worse things than no job. Its pretty insignificant in light of the fact that my aunt died last December, my mother died in Feb and my baby sister died on 9-11. There is other stuff too, but you get the idea.
Keeping the faith anyway. Take care.
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