Employers in 2010 Announced Fewest U.S. Job Cuts in 13 Years

[impik]

Bloomberg:

Employers in 2010 announced the fewest job cuts since 1997 as the U.S. economy recovered from the worst recession since the 1930s, a private survey showed.

There were 529,973 planned firings last year, down 59 percent from 2009 when job cuts reached a seven-year high, according to Challenger, Gray & Christmas Inc. The Chicago-based outplacement firm said December firings dropped 29 percent from the same month a year earlier.

Employers announced 32,004 job cuts last month, the fewest since June 2000. While firings are slowing, job growth has been restrained, highlighting why Federal Reserve officials said they’ll move forward with a plan to purchase $600 billion in bonds to bolster the economy.



http://www.bloomberg.com/news/2011-01-05/employers-in-2010-announced-fewest-u-s-job-cuts-in-13-years.html

[rug]

1. Hooray! Only half a million fired!

[Brickbat]

2. Huzzah! The recession is over!

Happy days are here again!

[peacefreak]

3. Cheers!?!

When cut to the bone, there ain't nothing else to cut.

[hughee99]

4. Yes, but how many fewer employers are there?

Those that were reporting job cuts previously but are now out of business completely and aren't reporting anything.

Statistics are fun!

[former9thward]

5. If an employer has outsourced their employees

there is no need of cutting U.S. jobs that are no longer here. No comfort in these numbers.

[prolesunited]

6. Problem is that we need them to CREATE jobs

and stop sitting on billions in reserve.

[SharonAnn]

7. Well, once you've laid off/fired so many employees, there aren't many left to lay off.

[Fire1]

8. True dat!! That's the explanation, right there!! n/t

[hayu_lol]

9. As expected by many of us...

new unemployment applications are climbing rapidly as holiday help is let go. On KGO, San Francisco, this morning.

So much for the much touted 'recovery.'

How about some job programs Repugnants?

Somebody call 'Bawling Boner' and let him know this will not be tolerated.