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59K Job Cuts In Sept; 50% From Hewlett-Packard

Although the U.S. labor market has been on the mend for some time now, most of the new jobs have been relatively low paying service jobs. These are the kind of low-paying jobs that turn over relatively rapidly, and these kind of positions also see a good bit of seasonal variation. That's why it's not too surprising that a new report published Thursday by global outplacement consultancy Challenger, Gray & Christmas highlights that U.S.-based employers announced plans to lay off 58,877 employees in September, a marked 43% increase from August.

The total number of jobs cut made in September was third worst month of the year for layoffs, with only July (105,696) and April (61,582) reporting higher totals. Of note the almost 59,000 job cuts was a worrisome 93% higher than the 30,477 planned layoffs in September a year ago.

More on third quarter and 2015 to date job cuts

There were a total 205,759 layoffs announced in the third quarter...