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  • Job creation down, layoffs up, report says

    10/07/2004 5:58:11 PM PDT · by Willie Green · 49 replies · 1,695+ views
    The NewStandard ^ | Thursday, October 7 | Madeleine Baran
    For education and discussion only. Not for commercial use. Oct 7 - A new report found that layoffs reached an eight-month high in September, while new hiring rose only slightly. Employment consulting firm Challenger, Gray & Christmas Inc. said companies announced 107,863 layoffs in September, 45 percent more than in August. The figure was the largest since January, when employers laid off 117,556 workers. Meanwhile, employers hired only 16,166 new workers, compared with 132,105 in August. The computer, transportation, telecommunications and consumer products industries were particularly hard hit by the cuts. "Historically, the period from September 1 through December 31...