QUOTE
U.S. layoffs rose 33 pct in Feb vs Jan-survey
Thu Mar 1, 2007 7:30AM EST
NEW YORK, March 1 (Reuters) - Planned U.S. layoffs rose 33 percent to a five-month high in February, as weakness in the housing market and auto industry seemed to spread into other sectors, an independent report showed on Thursday.
Announced layoffs totaled 84,014 in February, up from 62,975 in January but 4 percent fewer than the 87,437 announced a year earlier, according to Challenger, Gray & Christmas Inc., an employment consulting firm.
The February job cut figure is the highest since the 100,315 announced in September, the report said.
The U.S. automotive industry led all other sectors in terms of planned job cuts last month, with 18,209 or 22 percent of the total, Challenger said.
Reuters LINK
Thu Mar 1, 2007 7:30AM EST
NEW YORK, March 1 (Reuters) - Planned U.S. layoffs rose 33 percent to a five-month high in February, as weakness in the housing market and auto industry seemed to spread into other sectors, an independent report showed on Thursday.
Announced layoffs totaled 84,014 in February, up from 62,975 in January but 4 percent fewer than the 87,437 announced a year earlier, according to Challenger, Gray & Christmas Inc., an employment consulting firm.
The February job cut figure is the highest since the 100,315 announced in September, the report said.
The U.S. automotive industry led all other sectors in terms of planned job cuts last month, with 18,209 or 22 percent of the total, Challenger said.
Reuters LINK
Good grief!
It's even worse than I thought.