US Workers Face Grim Time as Job Cuts Soar

07 October 2004

The number of US workers losing their jobs hit a new high in September with employers laying off nearly 108,000 people.

A report from Employment consulting firm Challenger, Gray & Christmas, ahead of government figures due Friday, shows a rise of 41% over the same month last year and the highest number of job losses in one month since January. Those working in computing, telecoms, transport and consumer products were hardest hit.

New jobs were also thin on the ground with employers taking on little more than 16,000, compared to more than 132,000 hiring announcements in August.

Says ceo John Challenger: "Weak hiring announcements last month are not a good indication of stronger job creation to come."

Data sourced from USA Today Online; additional content by WARC staff