September's job cuts were also much higher than the same time a year ago

Private sector adds jobs, planned layoffs rise | Reuters: "August private payrolls were revised down to an increase of 89,000 from the previously reported 91,000.

But the number of planned layoffs at U.S. firms in September jumped to its highest in more than two years due to heavy cutbacks by the U.S. military and Bank of America, another report on Wednesday showed."

'via Blog this'