September layoffs highest in two years
NEW YORK ` The number of planned layoffs at U.S. firms in September jumped to its highest in more than two years due to heavy cutbacks by the military and Bank of America, a private report Wednesday showed.
Employers announced 115,730 planned job cuts last month, more than double August`s total of 51,114, according to the report from consultants Challenger, Gray & Christmas, Inc.
The figure was the highest since April 2009 when 132,590 layoffs were announced.
September`s job cuts were also much higher than the same time a year ago, tripling from the 37,151 job cuts announced in September 2010. For 2011 so far, employers have announced 479,064 cuts, up 16.5% from the first nine months of 2010.
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