A Recent Increase in Mass Lay Offs

I am looking at this press release from a major placement firm CGC Inc. Now it seems to me we had a much better job market except for the last three months or so. What happened? It was DC's turn to delever in preparation for growth, it was time to try out second gear. DC failed because DC wanted discretionary spending and the government structure was too inefficient to support the request. We are now reverting back to first gear and restarting the business cycle, with zero productivity improvement from G. Recession indicators will be rising soon, probably with the earnings release.

PLANNED LAYOFFS TOTAL 40,289 IN SEPTEMBER CHICAGO, October 3, 2013 – Planned job cuts fell to their lowest level in three months, as U.S. - based employers announced plans to reduce payrolls by 40,289 in September. That was down 20 percent from August, when job cuts reached a six - month high of 50,462, according to the latest report on monthly job cuts released Wednesday by global outplacement consultancy Challenger, Gray & Christmas, Inc.

The September total was 19 percent higher than the 33,816 planned job cuts announced the same month last year. This marks the fourth consecutive month that saw heavier job cutting than a year ago. As a result of this trend, job cuts in the third quarter were up 25 percent from a year ago. Overall, 128,452 planned cuts were announced during the three month period ending September 30, compared to 102,910 over the same stretch last year. The third quarter total was 13 percent higher than the second quarter, when 113,891 job cuts were announced. Despite the recent surge, the overall pace of job cutting in 2013 is virtually unchanged from a year ago. To date, employers have announced 387,384 job cuts, up 0.4 percent from the 386,001 announced from January through September in 2012