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You -- -- more bad news for jobs the number of planned layoffs in the month of October has gone up 41%.
And that's a five month high.
So what industries are being hit the hardest let's talk to Diana say -- from the fox.
A story we like to report hi there -- -- -- to be doing good and again had their by the outplacement firm challenger gray and Christmas -- employers announced plans to lay off 47724.
In October like you said that's up 41% from September and a 12%.
From a year ago now one of the major business is getting hit is the auto industry with Ford alone.
Announcing almost 111000 layoffs though those will largely affect workers in Europe not here in the US but.
John Challenger the outplacement firms CEO says those cuts still indicate just how vulnerable companies in the US are to the situation in Europe.
The consumer products industry also announced more than 5000 cuts.
And electronics companies came in just shy of 4500 with both sectors citing a slowdown in consumer and business spending.
On the upside if you look at the year so far were down more than 88000 compared to how many total layoffs.
Had been announced by this point last year the challenger says the last three months of the year tend to see the heavier layoff activity.
And the week third quarter earnings season so far does not.
Bode well for what's to -- still the big indicator light robber was talking about on how the jobs market is doing comes in today and that's the government monthly jobs report.
It will be the last before the elections to investors and voters will be watching this went close again as usual have those -- -- -- and as soon as they cross at 8:30 eastern either.
I -- thank you so much we'll be watching those numbers.
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