Briefly: Job cuts drop in August in Illinois
September 6, 2012 4:10PM
Updated: October 9, 2012 2:37PM
Job cut announcements by Illinois employers fell 78 percent in August from July and 46 percent from August 2011, Chicago-based outplacement firm Challenger, Gray & Christmas said Thursday.
Illinois employers announced plans to cut 677 jobs last month, down from 3,003 in July when state agencies announced 725 cuts and DeVry announced 570. That is also down from 1,250 in August 2011.
But the first eight months of the year, job cut announcements by Illinois employers rose 30 percent to 17,889, up from 13,803.
The biggest job cut announcements last month nationally were in telecommunications with 4,584. That included 4,000 in the wake of Google’s acquisition of Motorola Mobility.
ADP survey shows businesses added 201,000 jobs last month
A private survey shows U.S. businesses stepped up hiring in August, an encouraging sign ahead of Friday’s government employment report.
Payroll provider ADP says businesses added 201,000 jobs last month, the most reported by the survey since March.
ADP also said July job growth was stronger than first thought: Employers created 173,000 jobs — 10,000 more jobs than the group reported last month.
The report only covers hiring in the private sector and excludes government job growth.