layoff up 55% in February
March 8, 2012
layoffs continued to rise last month, as the rest of the nation saw a
in Ohio announced 5,566 job cuts in February, up more than 55 percent
3,577 cuts in January.
job cuts declined to 51,728, down from 53,486 in January, according to
latest report on downsizing activity from Challenger, Gray &
a global outplacement firm.
last month’s total was up 2 percent when compared to February 2011,
employers announced 50,702 job cuts.
products and transportation jobs have seen the largest portion of cuts
year. Last year, most of the cuts were in the government sector.
“It is too
soon to say that the government sector is out of the woods when it
layoffs,” John Challenger, CEO of Challenger, Gray & Christmas,
said in a
news release. “However, recent gains in employment across many states
undoubtedly helping to boost payroll tax revenue.”
year, Ohio ranks third among all 50 states in terms of total layoffs.
first with 25,028.
job cuts also rose in Indiana to 494, up from 184 in January. And
announced jobs cuts more than tripled to 1,252, compared to 400 in
and other stories in Dayton Business Journal