It was the third month out of the past four that announced job cuts exceeded 200,000. October’s total was 453% higher than a year ago, according to the report.
But it wasn’t the airlines that topped the announcement list this month, according to the report it was the telecommunications sector’s 42,347. Still, other five-figure reporting sectors cut a broad swathe, including:
- industrial goods
However, the report noted signs of growth in defense, insurance, health care, energy and social services in the aftermath of the September 11 attacks.