Planned job cuts surge in November

The pace of job cuts surged to its highest level in eight months, as employers across the country announced plans to reduce payrolls by 48,711 in November, according to a report released Wednesday by outplacement firm Challenger, Gray & Christmas. Nearly 1,000 of those announced job cuts affected Georgians.

November job cuts were 28 percent higher than the 37,986 planned layoffs reported in October, Challenger said. It was the highest job-cut total since March, when employers announced plans to cut 67,611.

Despite the increase, Challenger said job cuts this year are still below last year’s levels. Last month’s total was 3.3 percent lower than the job cuts announced in November 2009.

Overall, employers announced 497,969 job cuts from January through November — a 60 percent decline from the same period a year ago, Challenger said.

Leading the November job-cut surge was the government and non-profit sector, Challenger said. This marks the seventh time this year that the sector was the largest job cutter.

The November surge in job cuts was partially offset by hiring announcements totaling 26,012, Challenger said. Hiring was led by retailers, which reported plans to add 15,900 seasonal workers last month.

On Friday, the federal government reports on unemployment for November, with most economists expecting the jobless rate to rise to 9.7 percent, from 9.6 percent in October.

- Henry Unger, The Biz Beat

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32 comments Add your comment

Slick Rick

December 1st, 2010
7:43 am

Slick Rick

December 1st, 2010
7:43 am

I heard Walmart is still hiring…….

Scottyfloze

December 1st, 2010
7:49 am

Now that the reason to stay unemployed has been removed from these people now they might become some motivation to get back into the work force. Follow the money.

Economics

December 1st, 2010
8:03 am

Waite till Jan/Feb 2011, and add to that the 3 Million whos unemployment checks stops, DEPRESSION! Things are going to get severely worse, look for housing foreclosures to spike, crime to rise, more cuts and layoffs. We still have a long way to go, the bottom isnt going to be pretty. The new economical/financial reality will be a cold slap in the face to americans. Get used to it, ur to fat and lazy to have it any other way!

Obama Barac

December 1st, 2010
8:08 am

But wait, Obama say’s everything is wonderful !

When do I get my check from him to pay off my debts?

Sinking in America – the new motto

nativeson71

December 1st, 2010
8:10 am

I know two people receiving unemployment at this time.
one is actively job hunting but refuses to ‘reinvent himself’ and look in differnet fields for a job.
The second person has been receiving an unemployment check and has been going to college full time (about 3 semesters). Her live in boyfriend helps pay the bills.
Both people are cheating the system…but if the shoe were on the other foot I can’t say i would not do the same.

Whatever

December 1st, 2010
8:23 am

@Nativeson71 sorry to burst your bubble but the second person is not cheating the system. You are allowed to collect unemployment and go to college at the same time…..

George Bailey

December 1st, 2010
8:33 am

Working in HR, I have mixed feelings about this. For the people who lost their jobs through no fault of their own and haven’t been able to find work, this really sucks. However,i work with clients all over the U.S. and I’ve seen far too many employees that A. Didn’t really care about doing a good job and ended up getting terminated and still were allowed benefits. (And by doing a good job, I mean showing up for work on time and not calling out on a regular basis.) Or B. Took the job, and ended up quitting several months later and then filed for unemployment. (See California). I have no problem if an employee doesn’t find their job to their liking, that’s what “At Will” means. However, I do take issue with an employee VOLUNTARILY leaving a paying job and then filing for UI Benefits.

TnGelding

December 1st, 2010
8:35 am

Well, let’s hope some of those planned layoffs did not occur in November.

From ADP:

Published on Wednesday, December 1, 2010, 8:15 A.M. ET

November 2010 National Employment Report

Private-sector employment increased by 93,000 from October to November on a seasonally
adjusted basis, according to the latest ADP National Employment Report® released today. The
estimated change of employment from September to October was revised up from the previously
reported increase of 43,000 to an increase of 82,000.

This month’s ADP National Employment Report shows an acceleration of employment and
suggests the nation’s employment situation is brightening somewhat. November’s gain in
private-sector employment is the largest in three years. This is the tenth consecutive month of
gains, which have averaged 47,000 during that period. Nevertheless, employment gains of this
magnitude are not sufficient to lower the unemployment rate, which likely will remain above 9%
for all of 2011. Furthermore, given modest GDP growth in the second and third quarters, and the
usual lag of employment behind GDP, it would not be surprising to see several more months of
only moderate gains in employment even as the economic recovery gathers momentum.

According to the ADP Report, employment in the service-providing sector rose by 79,000 in
November, the tenth consecutive monthly gain. Employment in the goods-producing sector rose
by 14,000, the first monthly increase since March 2007. Construction employment dropped by
3,000 during November, the smallest decline since June 2007, and manufacturing employment
increased by 16,000.

Large businesses, defined as those with 500 or more workers, increased by 2,000 while
employment among medium-size businesses, defined as those with between 50 and 499 workers,
increased by 37,000. Employment among small-size businesses, defined as those with fewer
than 50 workers, increased by 54,000.*

In November, construction employment dropped 3,000. Construction employment has declined
for over three years and the total decline in construction jobs since

TnGelding

December 1st, 2010
8:37 am

Unpainted Huffhines

December 1st, 2010
8:39 am

Hopefully the republicans will get just what they voted for: tax cuts for the wealthiest, roll back of healthcare legislation, abolition of social security, medicare, medicaid, welfare, FMLA, unemployment, workers comp, and public schools. Then this country will be great again, just like during the great depression. It will all happen when they elect Sarah Palin.

MarkusR

December 1st, 2010
8:39 am

You cannot collect unemployment if you quit.

I’m currently in college “reinventing” myself, and tell you what, job prospects look very grim right now. There simply aren’t enough jobs.

TnGelding

December 1st, 2010
8:39 am

Aren’t fewer government jobs a good thing? Especially among the pitchfork crowd.

just under the wire

December 1st, 2010
9:09 am

I just found a job after looking for well over a year. I had sent out so many resume’s I have lost count of the total. I received one interview after all that time. I got the job and will make 2/3 what I use to make. I’m glad to have it because surviving on UI is a nightmare. Yes I mad extra when I could .I mowed grass waited tables. I would have done any thing. Thank God for unemployment. I truly hope that all of you who sit and say people get rich sitting back collecting $260 a week UI, have your chance at the wheel and I hope people stand over you all the while telling you how lazy you are and what a disgrace you have become. The fact is that unless you are a millionaire and set for life,you world can change in the blink of an eye.

TRUTH

December 1st, 2010
9:19 am

Having “survived” for almost a year on UI benefits (a whopping $330 a week to support a family) after earning my former employer millions and then being let go due to my position being eliminated (after of course taking my book of business and giving it to a person TOTALLY unqualified), I take issue with those that say those out of work are lazy and just looking for free money. B.S. Get your head outta the clouds. Just say they are hiring a Joe’s Pizzaria and you’ll get thousands standing in line for a $7 an hour job. I can attest to having sent out over 800 resumes (documented) in the Atlanta and Eastern states looking for work. I am not the only one whose done that. Reinventing ourselves is what all of us do. How many here graduated from college and are working in their degree field? Maybe 25%? So we continue to evolve and become more marketable in a employment challenged country. These business have shipped the jobs overseas. Thanks Clinton and further pushed by Bush II. Now the Repubs are trying to dismantle the good things that President Obama has done. The question is, JUST WHO ARE THE AMERICANS THAT SUPPORT THIS? I see a few on these blogs, but the majority don’t agree with the Republicans. I am so glad that I now have a position which will require me and my family to leave this GOD forsaken state. You can have Nathan Deal, adn the rest of the criminals in the Gold Dome. You mentally challenged Tea Partiers can continue to vote against your own interests and float down the drain with these backward leaders in place. Georgia once was moving forward, progressively, now its seems like it was when it was founded, a state replete with criminals and debtors. I do see the economy coming back for the rich (tax breaks), but, I see more pain for the average citizen. Not voting to extend the benefits for so many who truly want to find a job and are desparately trying to provide for their families is deplorable. What’s even more tragic is that they have lied to the citizens again. Good luck to those that continue to endure, and there is a special place in hell for those who continue to disparage them.

Tom

December 1st, 2010
9:24 am

I think its 50/50.. Some people who are on UI are working hard tryin to find a job because they know UI is not enough and will eventually run out. Then you have the other side who takes advantage of it. For example I was able to get my friend a job offer from my company and she turned it down. Because it didn’t pay enough and she would just wait for a better paying job while she collected unemployment. Having not be unemployed that long she doesn’t realize that the better paying jobs aren’t out there anymore..

mechelle

December 1st, 2010
10:09 am

TRUTH. Well said.

Charles

December 1st, 2010
10:11 am

I’m so sick and tired of these so-called “morally-righteous” folks who scream that everyone who’s on UI is lazy! I was laid off from a good-job (more like screwed by my company), and I’ve been busting my tail to find work- obviously, these folks still have jobs to go to- feel blessed! But, let’s see what these folks would do if they got into my shoes! I voted Repub, but now, I wonder if I did the right thing by voting for them.

Charles

December 1st, 2010
10:13 am

I agree with TRUTH above- I wonder about our elected leaders in this state! Are they for the people or THEMSELVES and their RICH BUDDIES? Time will tell!

Lori

December 1st, 2010
10:16 am

Tom, I think your friend is an example of the mentality of her generation. We were brought up with many choices and oppourtunities. If we just waited a little, the right one would come along.
The realization that it won’t doesn’t even occur to her. We as a nation need to “growup” and take a page from the people who grew up in the depression and understand that working by itself to support our families is what we need to do, no matter how much we are paid.

TRUTH

December 1st, 2010
10:23 am

Thanks, Mechelle 10:09 am. @Charles 10:11 am, I appreciate your honesty. Although I am a democrat, I was once Republican until I saw the shift from American to Amercian Corporations. The Republican party is a wholly owned subsidary of the Business sector. All one has to do is look at the contribution dollars flowing into their PACs. Understand, there are Democrats that have chosen this path as well, which makes for a Capitol Hill nightmare. The truth is Big Business and their lackeys have bought our government. The Republican Party has chosen to be run by the rich adn their sole purpose is to get richer while intentionally creating a country that is bankrupt. Both financially and morally.

Now is the time we say, “WE WANT OUR COUNTRY BACK!!”

Samantha

December 1st, 2010
10:26 am

TRUTH I agree with you 1,000%! :)

Scared

December 1st, 2010
10:43 am

I’m grateful that I still have a job. I’m a state employee who has seen at least 40% of my job duties outsourcced. At the end of the week I cross my fingers and pray for those magic words “See you Monday”. Now with Mr Deal coming into office, my fear increases. Like so many others I put alot of trust in our President, but he is still a politician with his own agenda, and the ohter party aint no better.Talk about stuck between a rock and a hard place. I was happy when my two oldest children were allowed to stay on my health plan beyond 19, but as of Jan 1, the cost will be 450 bucks a month. And I am still being furloughed and have not had a raise in now 4 years. God help us our American Dream is now a nightmare.

TRUTH

December 1st, 2010
11:04 am

@Samantha 10:26 am, thank you. @Scared 10:43 am, I am scared too. Of the number of resumes I sent out, at least 100 of them went to the Federal government. I am a veteran and had the position that I would be considered for any of the positions that I was well qualified for. I did receive feedback on about 40% of the positions all stating that no one was hired from the list of applicants. WTH?? Then I started plowing into Career Builder and Monster, Vet Jobs, and other sites and determined its all about the advertising dollars on the website. The job boards (save those few employers genuinely looking for talent) are full of 3rd party vendors trying take your money. If THAT is what those that disparage those looking for work are basing their comments on, they are totally misinformed. Hang in there, its going to be a wild ride….

Jane Quatam

December 1st, 2010
12:07 pm

Thank God that the recession is over and we are in an economic recovery, or was that just economic propaganda? Why does the economic data never match the world the media portrays? You don’t have to be an economist to understand the economic trends which indicate the true state of the economy. Extrapolate the foreclosure numbers, and the amounts of ’shadow inventory’ held by the banks onto a trend line and you will see the economy continuing to collapse for at least 4 years and that assumes that the pain and financial losses of those four years doesn’t feed back into more pain and collapse.

Atlanta has an official two and a half year supply of unsold homes, that means you wouldn’t have to build another house in Atlanta July of 2012 and everybody who wants and can afford a home can buy one. Using the unofficial shadow inventory number of homes held off the market by the banks it is likely to be twice that long or July of 2014.

Widespread unprosecuted financial fraud by the major banks and Wall Street caused the collapse, but lack of regulation and enforcement of existing regulations enhance the magnitude and speed by which our economy was destroyed. Still nothing changes and the rich are rewarded for their crimes while the rest of us bail them out and live in this hollow shell of misery they created.

This depression will last at least a decade, even the Fed say full employment is likely to take many years, Do the math, the pain continues.

Shannon

December 1st, 2010
12:12 pm

Look, it’s entirely clear that the moralizers can’t even read. This is a story about layoffs, and one of the first comments is about how this will get lazy people off unemployment. My husband’s severance runs out in January, and we’re blessed to have had it. It looks like he’s going to be able to find a job before that happens, making us *very* lucky. I’m in grad school, not far from my Ph.D., and I am paid a small stipend to take classes and teach. We’re doing well enough–and we don’t have kids, which changes the game too.

These folks who are convinced that people looking for work are just lazy… that’s sad. It’s hard not to wish for a little karmic restitution, isn’t it?

Snake Eyes

December 1st, 2010
12:55 pm

I thought government economists said the recession was over months ago and “millions of new” jobs were created because of the gov’t bailout? What gives? These economists have PhDs—some from ivy league schools.

nativeson71

December 1st, 2010
1:27 pm

@whatever….well that would not be called ‘unemployment’ that would be called ‘welfare.’

nativeson71

December 1st, 2010
1:41 pm

by the way…I was laid off in JAN 2009.
I was EXTREMLY lucky to have found a job within 5 weeks.
That new job was in the same industry,same job title etc…and they paid me 30% less than I had been earning 5 weeks prior.
I feel and understand the pain, depression and frustration of anyone affected by the recession.

Whatever

December 1st, 2010
2:57 pm

How is unemployment insurance called Welfare if the person is in college trying to better themselves?? Please define this because I am confused. Just know that you are ALLOWED to go to school and collect unemployment.

TnGelding

December 1st, 2010
3:26 pm

At least Scared can be scared all the way to the bank, but that’s always been one of the benefits of working for government. It’s a shame we had to experience something this severe to get our fiscal houses in order.

A.S.Mathew

December 2nd, 2010
6:40 pm

It is great that many are trying to get new job training to land a better paying job. But, nobody has
the answer, who is going to offer the job!

At first, there should have a national study about the total outsourced jobs by all the States in the
U.S. To save money, they sent the jobs overseas, but the Federal Government is telling everybody
to “re-train” for a better paying job.

Our economic meltdown is being prolonged without seeing the end of the tunnel. Now, we must
ponder the issue, whether we are in a worse situation than the 1929 depression, or atleast
heading towards that predicament.