Report: Employers Cut 50,000 Jobs In February

LOS ANGELES (CBS/AP) — Planned job cuts by U.S. employers are surging in 2011, according to a new report.

Outplacement firm Challenger, Gray and Christmas, a firm that keeps track of layoffs, says the number of planned job cuts announced by employers increased for the second straight month in February to more than 50,000.

CEO John Challenger tells KNX 1070 that’s the highest total since March of 2010.

Challenger says the largest portion of the layoffs came from government and nonprofit employers.

Most occurred at the state and local level, but the U.S. Postal Service says it has reduced its headcount by 5,600 in recent months.

Challenger says private-sector employers are recovering from the recession, but the government is not and will likely continue to cut jobs.

(©2010 CBS Local Media, a division of CBS Radio Inc. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. Wire services contributed to this report.)

Comments

One Comment

  1. Too many employees @ DMV & too many DMV offices says:

    They should cut down most of those clowns working at DMV. We don’t need 50 employees in each DMV. People can now pay online & register online. Why so many DMV offices throughout California??????

  2. Keith says:

    And watch..next week the GOVT will claim unemployment is down…and the jobs are booming…..Muldner said it best…..”TRUST NO ONE”

  3. alan hart says:

    50,000 jobs lost in February and no California State Employee layoffs. Since they don’t have the money to pay them, why do they still have them? I wish I could run my business that way.

  4. bozo's says:

    “fire the weather forcasters” we don’t need them.when we got the military spraying chemtrails & blocking out the skys, across the nation!!!

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