January Layoffs Were Highest Since 2009

A major employment firm says layoffs across the U.S. last month were the highest for January since 2009. U.S. employers announced over 108-thousand layoffs for the month, up over 200 percent from December.

Employment firm Challenger, Gray & Christmas says at the same time, companies announced just over 53-hundred new hires in January, which was also the lowest for the month since 2009. Major companies including Amazon, UPS and Dow have all recently announced substantial job cuts.