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Job Cuts Top 100,000 in January - Report Tuesday February 3, 12:50 pm ET NEW YORK (Reuters) - Planned job cuts in January were 26 percent higher than in December as U.S. jobs moved to countries like India, China and the Philippines, and as mergers made some jobs redundant, according to a report on Tuesday. The outplacement firm Challenger, Gray & Christmas Inc., said post-holiday job cuts reached 117,556 in January surpassing the 100,000 threshold for the first time since last October. Financial markets were on their toes awaiting January's payrolls report to be issued by the Labor Department on...

<p>WASHINGTON - The economy shed 93,000 jobs in August, nearly a third of them in the well-paid professional sector, the government said Friday in a grim report suggesting that joblessness may persist despite tax cuts and lower interest rates.</p> <p>The Bureau of Labor Statistics said the nation's unemployment rate declined slightly from 6.2 percent to 6.1 percent, but analysts placed more weight on actual job losses reported by businesses. Hundreds of thousands of unemployed job seekers who have given up looking for work aren't counted in jobless-rate calculations.</p>