Taken from CNN MONEY
Midway through the month, December's job cut total stands at 115,416.
In terms of job losses, December could be even worse than November, when 533,000 jobs were lost, according to the Labor Department. That was the largest monthly loss since December 1974.
"Generally companies like to make their cuts by the end of the year," explained David Wyss, chief economist at Standard & Poor's. As such, he expects there to be many more cuts announced over the rest of the month.
Full Article:
http://www.money.cnn.com/2008/12/12/news/economy/job_cuts/index.htm
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