U.S. employers announced plans in September to shed more than 115,000 workers

[n2doc]

U.S. employers announced plans in September to shed more than 115,000 workers -- the highest total in more than two years, according to a new jobs report.

That’s more than double the 51,000 cuts announced in August and more than three times the 37,000 cuts planned a year earlier. The previous record was in April 2009, when employers planned to slash nearly 133,000 jobs, according to employment consultancy Challenger, Gray & Christmas Inc.

According to another report, from payrolls processor ADP, private-sector employment rose by 91,000 jobs in September. The “modest” increase was led by 60,000 additional positions in small businesses, which have been averaging 73,000 new jobs a month for the last year.

Medium-sized companies also did well, tacking on 36,000 more employees, while large businesses shed 5,000 workers, according to ADP.

Layoffs in the bank and military sector spiked, according to the Challenger report.

Government employers attempting to slash spending were responsible for a third of the job losses. The U.S. Army revealed a five-year goal to thin its troops by 50,000.

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http://latimesblogs.latimes.com/money_co/2011/10/private-sector-adds-91000-jobs-but-planned-layoffs-at-2-year-high-reports.html

[Old and In the Way]

1. Corporate circular logic in action.

Business down = lay-off workers = more business depression = more laid off workers. Repeat until you close your doors.

Of course, this makes total sense when your accountable to the BOD and stockholders...but multiple that by thousands of corporations and you see the micro solutions create the macro problem. That's why business needs a strong federal government to tax, regulate, and support worker legislation with a vengence. It's ultimately in the corporations best interests that there are consumers for their products that are also employees making the products which drive their profits.

[Kolesar]

2. It does not mean 50,000 soldiers' jobs were ended in September

It means that 50,000 jobs will be eliminated over the next 60 months.
~800/month