There is good and bad news on the job front: The bad news is
that layoffs are still
happening; the good news is that they are a lot smaller than last January, and
workers who were laid off in the last year are getting back to some form of work
in larger numbers.


Job cuts
across all industries have reached a five-month high at 71,482, according to
a Chicago-based outplacement firm . Retail, telecommunications and
pharmaceutical companies are leading the pack in layoffs. The telecommunications
sector announced 14,010 in January. Roughly 13,000 layoffs were announced by
Verizon last week as the largest mobile provider continues to transition its
business away from legacy landlines and move toward mobile- and Internet-only
based business for consumers and enterprises.


Retailers announced plans to shed 16,737 seasonal and full-time
employees; Pharma plans to eliminate 8,170 jobs which is the biggest number that
sector has seen since last March when it lost 17,796.

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