Florida layoffs rise 20.4% in November

Florida-based employers announced 20.4 percent more job cuts in November, according to data from outplacement firm Challenger, Gray & Christmas.

Businesses in the Sunshine State reported 1,134 cuts in November, up from 942 in October. The figures are based on public layoff announcements, such as Worker Adjustment and Retraining Notification notices filed in Florida.

In the southern U.S., only Alabama’s 1,237 reported layoffs surpassed Florida job cuts. California had the nation’s highest number of cuts in November, with 4,121.

Nationwide, layoffs fell 0.7 percent, to 42,474 from 42,759 in October. The job cuts decline comes after a reported 115,730 layoffs in September – a 28-month high.

Government sector job-cut announcements dominated in November, with 18,508 cuts nationwide, or 44 percent of all announcements.

“Over the past six months, we definitely have seen a shift away from the heavy government job cuts at the state and local level toward increased job cuts at the federal level,” Challenger, Gray & Christmas CEO John A. Challenger said in a news release. “The worst may be yet to come, as cutbacks spread from the military to every other agency in Washington.”

The No. 1 reason for November job cuts was cost cutting, followed by restructuring, closing, economic conditions and demand downturn.

Source: Biz Journals