Wednesday, February 4, 2009

Planned Lay-Offs At 7-year High

From CNBC:

Planned layoffs at U.S. firms in January reached their highest monthly level in seven years, according to a report released on Wednesday, as the more than year-old U.S. recession took an increasingly heavy toll on employment.

.....

Planned layoffs at U.S. firms in January reached their highest monthly level in seven years, according to a report released on Wednesday, as the more than year-old U.S. recession took an increasingly heavy toll on employment.


Here is a chart from the BLS of mass lay-offs.



The series only goes to 1995. We're at the highest level in the series.