[lelio]

The year's announced job cuts so far total 795,574

How does 800k figure (100k a month) jibe with 400k new UI applicants a month? Does that mean there's 300k non-announced job cuts a month? I take it you only have to "announce" a job cut if you have over so many employees (ie the WARN act).

[lelio]

Wait, that 400k new UI claims is per week not per month. So now I'm confused 4 times as much.

[LibertyAndJusticeForAll]

Good catch. I agree, it looks like announced "planned layoffs" are the ~800k figure (100k/month), and the other 300k/month were not planned nor were they announced.
This may account for the stealth layoffs (as one article recently put it) done by some firms; laying-off small groups per week over several months.
Nevertheless, this is good news, except that it also says that nobody is really hiring.

[Lazamataz]

How does 800k figure (100k a month) jibe with 400k new UI applicants a month? Does that mean there's 300k non-announced job cuts a month? I take it you only have to "announce" a job cut if you have over so many employees (ie the WARN act)

It's all one guy who gets laid off 250 times a second.

[discostu]

Cut announcements aren't always for immediately. Like last week some company announced a series of layoffs taking them into 2005, that whole number goes into August's announced layoffs even though I don't think any of the people actually got laid off last week.