[Stardust]

NEW YORK (Reuters) — Planned layoffs at U.S. firms in January reached their highest monthly level in seven years, according to a report released Wednesday, as the more than year-old U.S. recession took an increasingly heavy toll on employment.
The impact of the economic slump is broadening across a wide range of industries, outplacement company Challenger Gray & Christmas said in its monthly report on U.S. job cuts.

Job cuts announced in January totaled 241,749, up 45% from December's 166,348. Layoffs were up from 74,986 in the year-ago period.

Record downsizing in the retail sector, with 53,968 layoffs planned, was the biggest area for job cuts and contributed to the overall rise in January's total, Challenger said.

"The variety of industries represented among the top five job-cutting sectors in January is further evidence of how far the impact of this recession has spread," said John Challenger, chief executive officer of Challenger Gray & Christmas

http://www.usatoday.com/money/economy/20...offs_N.htm

[cd1180]

I dont know about anything else but I know the coal industry is about to get bad

[Stardust]

I dont know about anything else but I know the coal industry is about to get bad

Why is that?

[EKY Sportster]

With the mess that has been created, it has to get worse before it can get better. Not good, but there is no easy way out, market forces at work!