Posted on 11/06/2013 6:59:44 AM PST by BenLurkin
Planned layoffs by U.S. employers jumped 13.5% last month, led by cutbacks at pharmaceutical and financial services firms, according to a report Wednesday.
Employers announced plans to cut 45,730 jobs in October, up from 40,289 the previous month, said outplacement consulting firm Challenger, Gray & Christmas Inc.
Despite the increase, the October figure was down 4.2% from the same month a year ago. It was the first time in five months that year-over-year layoffs were lower.
The report came as the Labor Department prepared to release the October jobs report on Friday.
(Excerpt) Read more at latimes.com ...
More evidence of extensive behind-closed-door underwear soiling happening amongst Democrats.
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