The number of planned layoffs by firms jumped 41.1 percent in October to the highest level in five months, although the number includes more than 10,000 jobs in U.S.-owned auto plants in Europe, a report said on Thursday.
Employers announced 47,724 planned job cuts last month, up from September’s 33,816, according to the report from consultants Challenger, Gray & Christmas, Inc. It was the highest level since May.
U.S. automotive companies said they will let go of 11,615 workers, though that includes 10,900 Ford layoffs that will affect workers in Belgium and the United Kingdom.
The planned layoffs were modestly higher than the 42,759 announced in October last year. The total for the year so far stands at 433,725, down from 521,823 for the same period in 2011.
“While the Ford job cuts are not impacting American workers, they indicate just how vulnerable companies in the U.S. are to the situation in Europe”, John Challenger, chief executive officer of Challenger, Gray & Christmas, said in a statement…
via Planned layoffs jump to five-month high in Oct: Challenger | Reuters.
Job Market Monitor 
You ain’t seen nothing yet.Wait till ObamaCare kicks in.This is what you voted for Mr. and Mrs. America.You get the Government you deserve.I believe that Ron Paul would have been a better candidate.I will pray for those who lost their jobs.I will be praying for this country for the next 4 years.
Posted by Michael Lantz | November 10, 2012, 9:51 pm