Our economy is strong and growing stronger:
Layoff announcements by U.S. companies surged 45 percent in September to nearly 108,000, the highest number of planned job cuts since January, outplacement firm Challenger Grey & Christmas said Tuesday.
Job reduction announcements are up 41 percent from September 2003, while year-to-date job cuts are down 17 percent from 2003’s pace, Challenger said. The total of 107,863 announced layoffs for the month was not seasonally adjusted, the firm said.
“The return to six-figure job-cut levels paints a grim picture for ongoing economic growth, as such activity is generally considered a measure of how companies view future business conditions,” John Challenger, chairman of the firm, said in a written statement.
. . .
Challenger also said corporations announced 16,166 job openings in September, the lowest since Challenger began tracking hiring announcements in May.
I can think of a few more employees who should be terminated next month.