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Layoffs In September EXPLODE 126% In Worst Month Since April 2009
Business Insider ^ | 10/05/2011 | Joe Weisenthal

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 month’s 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 ...


TOPICS: Business/Economy; Culture/Society; Front Page News; News/Current Events
KEYWORDS: barackalypsenow; bhoeconomy; democrats; economy; hopeychangey; layoffs; obama; obamacare; obamageddon; september2011; socialistdemocrats; unemployment

1 posted on 10/05/2011 7:39:49 AM PDT by SeekAndFind
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To: SeekAndFind

The cuts are distributed pretty much throughout the economy. Both retail and manufacturing sectors are well represented.


2 posted on 10/05/2011 7:41:15 AM PDT by Pearls Before Swine
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To: SeekAndFind

Hope and change. FUBO


3 posted on 10/05/2011 7:41:57 AM PDT by Spruce
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To: SeekAndFind
I've never seen someone so excited about the deterioration of the economy as this guy. Jeez
4 posted on 10/05/2011 7:42:15 AM PDT by petercooper (2012 - Purge more RINO's.)
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To: SeekAndFind
excluding gov't, finance was tops. That's a really bad leading indicator - it certainly has been historically.

OTOH, if the gov't is actually cutting costs, that may be a pre-leading indicator (but I'm not convinced).

5 posted on 10/05/2011 7:42:15 AM PDT by the invisib1e hand (...then they came for the guitars, and we kicked their sorry faggot asses into the dust)
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To: Pearls Before Swine

“Unexpected....”


6 posted on 10/05/2011 7:42:15 AM PDT by MNGal
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To: petercooper

RE: I’ve never seen someone so excited about the deterioration of the economy as this guy. Jeez

MISERY LOVES COMPANY.


7 posted on 10/05/2011 7:43:35 AM PDT by SeekAndFind (u)
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To: SeekAndFind

ADP has just reported that net private-sector employment was up 91,000 in September. So somebody must be hiring to offset these layoffs.


8 posted on 10/05/2011 7:44:20 AM PDT by proxy_user
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To: SeekAndFind

UNEXPECTED!


9 posted on 10/05/2011 7:44:40 AM PDT by commish (Freedom tastes sweetest to those who have fought to preserve it.)
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To: the invisib1e hand

State Gumments are cutting drastically, Feds are hiring!!


10 posted on 10/05/2011 7:51:54 AM PDT by Shady (The undeniable truth of the Obama Administration...The numbers do not lie.)
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To: proxy_user

91k is a really bad number.


11 posted on 10/05/2011 7:52:11 AM PDT by USNBandit (sarcasm engaged at all times)
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To: the invisib1e hand
Many of the government cuts are DOD cuts. Some don't matter that much but some are vital contractors. Hubby lost his job 2 weeks ago. He kept the system that tracks the life span of aircraft parts for the whole USAF. As in the parts have to be changed out at the proper intervals or you lose a bird. He kept the system up and running, fixing errors etc. Tops at his job. Now a guy that also does other stuff and another person with minimal experience are trying to do his job. Everyone is having a duck, even calling him at home. I've had two calls this morning. Told them he's out driving a silage truck trying to keep our heads above water. I'm semi disabled but I ‘m looking for something too. The feds are really going to save a lot on this deal-NOT.
12 posted on 10/05/2011 7:54:28 AM PDT by Himyar
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To: USNBandit

Well, it’s not great, but it beats -91K.


13 posted on 10/05/2011 7:55:49 AM PDT by proxy_user
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Comment #14 Removed by Moderator

To: SeekAndFind

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.


15 posted on 10/05/2011 8:03:00 AM PDT by subterfuge (BUILD MORE NUCLEAR POWER PLANTS NOW!!!)
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To: SeekAndFind

16 posted on 10/05/2011 8:03:58 AM PDT by Cheerio (Barry Hussein Soetoro-0bama=The Complete Destruction of American Capitalism)
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To: Himyar

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.


17 posted on 10/05/2011 8:12:34 AM PDT by Pearls Before Swine
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To: Himyar

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!


18 posted on 10/05/2011 8:15:56 AM PDT by rarestia (It's time to water the Tree of Liberty.)
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To: proxy_user

“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.


19 posted on 10/05/2011 8:42:27 AM PDT by ScottfromNJ
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To: Pearls Before Swine
He had always tried to get some folks cross-trained, but the military folks were always getting transferred and there weren't enough contractors to take up the slack.
He won't be assisting anyone because he's out doing various farm work jobs to make some money. I'm just glad our son (full-time Air Guard) is an ammo troop and not a pilot. His systems are all messed up too because the contract on that system expired too and a lower bidder got it. He had drill this week and I told him not to lose or break anything.
20 posted on 10/05/2011 9:21:42 AM PDT by Himyar
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To: Pearls Before Swine

Debbie Wasserman-Nutjob/Schultz YESTERDAY:

“ANYONE can see that the economy is IMPROVING!”


21 posted on 10/05/2011 9:50:29 AM PDT by tcrlaf (Election 2012: THE RAPTURE OF THE DEMOCRATS)
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To: SeekAndFind
One wonders if all these "anyones" who were thrown out of work in Sep. would agree with the head of the dnc that "anyone can see the economy is getting better!"

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???

22 posted on 10/05/2011 9:53:14 AM PDT by Logic n' Reason (The stain must be REMOVED (ERADICATED)....NOW!!)
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To: SeekAndFind

but the dems say they can see the economy grow.

/s


23 posted on 10/05/2011 9:58:27 AM PDT by ken21 (ruling class dem + rino progressives -- destroying america for 150 years.)
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To: subterfuge

Sorry to read of your difficulties, hope things turn around for you soon.


24 posted on 10/05/2011 10:12:32 AM PDT by prairiebreeze
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25 posted on 10/05/2011 10:35:58 AM PDT by TheOldLady (FReepmail me to get ON or OFF the ZOT LIGHTNING ping list)
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To: Himyar

Me too! Two weeks ago from areospace after 30 years. DOD Job. Spy satellites.


26 posted on 10/05/2011 12:23:31 PM PDT by fastkelly
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To: prairiebreeze

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.


27 posted on 10/05/2011 3:29:23 PM PDT by subterfuge (BUILD MORE NUCLEAR POWER PLANTS NOW!!!)
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