Wednesday, October 5, 2011

Private sector adds 91,000 jobs, but planned layoffs at 2-year high

Jobs U.S. employers announced plans in September to shed more than 115,000 workers -- the highest total in more than two years, according to a new jobs report.

That’s more than double the 51,000 cuts announced in August and more than three times the 37,000 cuts planned a year earlier. The previous record was in April 2009, when employers planned to slash nearly 133,000 jobs, according to employment consultancy Challenger, Gray & Christmas Inc.

According to another report, from payrolls processor ADP, private-sector employment rose by 91,000 jobs in September. The “modest” increase was led by 60,000 additional positions in small businesses, which have been averaging 73,000 new jobs a month for the last year.

Medium-sized companies also did well, tacking on 36,000 more employees, while large businesses shed 5,000 workers, according to ADP.

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