http://cbs.marketwatch.com/news/news...0&doctype=806&
Quote:
10:00am 11/04/03
U.S. October layoffs surge 125%, Challenger says_By Rex Nutting
WASHINGTON (CBS.MW) -- Layoff announcements from U.S. companies more than doubled in October to 171,874, the highest in a year, according to the monthly tally released Tuesday by outplacement firm Challenger Gray & Christmas. October is typically the largest month for layoff notices, as companies slash costs at the end of the fiscal year. The Challenger survey is not adjusted for seasonal factors. Layoff announcements had fallen for three months in a row before October's 125 percent increase. In October, the auto industry sacked 28,363 workers, followed by 21,169 in the retail sector. Telecommunications companies cut 21,030. So far in 2003, 1.04 million job reductions have been announced.
|
Out of work people vote, especially with job losses this sever. 4 million pissed off, newly, unemployed people can shift an election.