Ominous Signs Of Surging Layoffs In Illinois, Nationwide

UPDATED 08/02/11 10:43 a.m.

CHICAGO (CBS) — Ahead of the key government employment report for July, which comes out Friday, there are ominous signs today that more people are losing their jobs.

As WBBM Newsradio 780’s Regine Schlesinger reports, one signal comes from Chicago-based outplacement firm Challenger, Gray and Christmas, which points to a sudden and unexpected burst of private-sector downsizing in July.

LISTEN: Newsradio 780’s Regine Schlesinger reports

The report shows the number of announce job cuts surging to a 16-month high of more than 66,000 last month. That figure is up 16 percent compared with June, and 59 percent compared with a year ago.

The cuts come from a handful of major companies, including Borders – which is in the process of closing its remaining bookstores – as well as Merck, Lockheed Martin, and Cisco Systems.

In Illinois, meanwhile, 10 companies have filed notice with the state that they plan to lay off workers in the next couple of months. Among them is the Sun-Times Media Group, which will cut 465 jobs.

The Schofield Media Group has also given notice that it is cutting 107 Chicago area employees.

Other Illinois companies set to lay off workers include Consolidated Container in Elk Grove Village, On-Cor Frozen Foods in the West Loop, and Sid’s Greenhouse and Garden Center in Lake Bluff, which is closing.

  • Lew

    It’s always a good idea to increase taxes for businesses and consumers, especially in a recession. That is a sure fire way to stimulate the economy. Right?

    Pat Quinn must have a PHD in economics.

  • Tea Party Hero

    What liberals call the rich top 1% are the job creators ouf our country.

    They shouldn’t be paying any taxes. Why should they pay for some poor person to go to the hospital. You can’t afford healthcare? Get a job. Still can’t afford it? Get two jobs.
    And thank that rich, wealthy person who allowed you the opportunity to work so that you can pay your d;amn bills!!!

    • Lew

      The liberal democrats will destroy this country. Have they done anything to improve the economy or create jobs? Instead, they merely steal money from middle-class taxpayers and use it to fund loser initiatives and their benefit-rich lifestyles.

      Like Reagan said, government is not the solution. It’s the problem.

  • nialong

    Quinn is an idiot people left the state long ago.

  • FR

    There should be a law that any income above the presidential salary should be taxed at 95 %. Possible exceptions might be profit on the sale of a long held main home or farm.

  • Jim

    If you get laid off and don’t have any income the government will give you a free cell phone (since that is a necessity in life, don’t know how they managed to live 30 years ago) and you can get dirt cheap internet…why even have a job when you can get everything for free?!

  • Larry

    All of this happening, and you still hear the loony libs worshiping The Messiah, who can do no wrong. If Bush were in office, you’d never hear the end of the whining. Amazing. And he’ll likely be re-elected. Astonishing.

    Quinn is just simply a moron. One and out. What a gigantic mistake IL voters made electing that clown.

  • Level Headed Guy Who Can Count

    Since 2001 Bush tax cuts have produced net ( -3,800,000) jobs in America and +5,390,000 jobs in low wage foreign countries. Fat cats are sitting on 2 TRILLION dollars of retained earnings (= cash on hand ) YET NO HIRING. GIVING MORE $$ TO COMPANIES THAT ALREADY HAVE PLENTY TO SPEND BUT ARE NOT SPENDING (IN THE U.S.A AT LEAST) IS THE DEFINITION OF STUPID “VOODOO” ECONOMICS. BAN THESE CO.S FROM PROFITING IN AMERICA AND CAP WEALTH AT $500,000/ YR. JESUS AND JAMES WERE RIGHT… RICH SLOBS CAN’T GET INTO HEAVEN. “Love of money is the root of all evil.” — God Almighty.

blog comments powered by Disqus
Daily Weather Reports Delivered To You!SIGN UP NOW: Get daily weather reports every morning from meteorologist Steve Baskerville!
CBS Sports Radio RoundupGet your latest sports talk from across the country.

Listen Live