The number layoffs by U.S. employers edged up in January as manufacturers stepped up job cuts, data showed on Tuesday, but probably not enough to alter views that the economy is on the brink of creating jobs.
The Labor Department said the number of mass layoff actions -- defined as job cuts involving at least 50 people from a single employer -- increased by 35 to 1,761. Mass layoffs had trended lower since August. More here.
The futures so bright I gotta wear shades! In my area, the county's largest and oldest employer announced it would be shutting down production in April.
Another 260 employees out of work in a county already suffering from one of the highest unemployment rates in the state at over 19%.
I'm sure once those workers are added into the official count that rate will climb to well over 23-25%.
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