US Layoffs Surge To 6-Month High: Challenger
Source: CNBC
Layoffs surged in January to the highest levels since July as employers in the retail and energy sectors pulled out the pink slips, according to a private survey out Thursday.
U.S.-based companies announced 75,114 planned job cuts last month, up more than 200 percent from a 15-year low in December, according to global outplacement firm Challenger, Gray & Christmas. That figure was also 42 percent higher from a year ago.
Retailers were the biggest job cutter, despite a nearly 8 percent bump in U.S. holiday sales in 2015. The sector slashed 22,246 positions, a seven-year high.
Wal-Mart accounted for much of the payroll reductions. The nation's largest retailer said it plans to close 269 stores and expects to let go 16,000 workers.
Read more: http://www.cnbc.com/2016/02/04/us-layoffs-hit-75114-in-jan-surging-to-6-month-high-challenger.html
ErisDiscordia
(443 posts)right on schedule....
LiberalArkie
(15,728 posts)just now being reported. At least the guys making $100,000 plus will get jobs soon at McDonalds and will not not show up as unemployed.
George II
(67,782 posts)Midnight Writer
(21,786 posts)The six month comparison is bogus. You would almost think that someone is wanting to create fear and apprehension about our economy. Likewise with the uptick in new unemployment claims. Yes, there is an increase, but that is compared to very low numbers in the past few months. The new figure is still considered low.
former9thward
(32,066 posts)underpants
(182,868 posts)Not passing over the damage this does to the families.
A big economic dip or a terrorist attack will give the mindless a reason to vote for what they think is strength.
onehandle
(51,122 posts)Every. Single. One.
Every sitting Senator and Representative is responsible. Why aren't they all in the Capitol working on this?
Obama is in Washington. But not Senators and Representatives.
Hmm...
HeiressofBickworth
(2,682 posts)My son-in-law was one of them. I'm told that he is fortunate to be laid off in the first round because they are the ones that get the better severance package. His last day will be next Friday. He's 48, IT worker, just what are his chances of finding a job as good or better than the one he just lost.
trillion
(1,859 posts)years. Now most of those jobs are as contractors and they are very unstable. I know because I'm a contractor - Systems Engineer in the computer industry. I wish him luck.
romanic
(2,841 posts)with the layoffs. Two companies up here announced layoffs in the hundreds. Thanks Snyder with your RTW bullshit.
whatthehey
(3,660 posts)There are about 5 million separations and about 5 million job starts every month in the US.