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Layoffs Are a Grinch

Labor statistics came out with a dirth of good cheer on Wednesday showing that layoffs increased last month. After a year full of layoffs, unemployment claims actually increased by 4,700 in November.

The number of people doing the firing decreased but the number of those fired increased.

"In November employers took 1,586 mass layoff actions involving 152,816 workers," said a report by the Bureau of Labor Statistics. "Layoff events decreased by 65 from the prior month, while initial claims increased by 4,757."

"Manufacturing accounted for 354 events, resulting in 39,465 initial claims," said the report.

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