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.
These are just the announced ones. No telling how many in the defense contractors. Obama has threatened them if they announced their intent to layoff before the elections and has offered to have the government pay their legal expenses if they don’t, as they are suppose to by law.