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Layoff—News—Federal

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Unemployment Shoots to 4.9% 
The national unemployment rate jumped to 4.9 percent in August, its highest level in nearly four years, the U.S. Labor Department announced on Friday.



Lucent Workers Lose Jobs, Nest Eggs 
For longtime Lucent workers let go in recent months, years of loyalty had an unexpected cost.



Take Legal Precautions When Laying Off 

Employers planning mass layoffs must make certain that the action is economically justified and unbiased, if they want to avoid wrongful-termination and other employment-related lawsuits, according to a Chicago employment lawyer.



Layoff Survivors Feel Stressed 
What about the workers left behind?



Meet the New Dropouts 

Thousands of laid-off workers age 40 and older have decided to use their between-jobs status as an opportunity to drop out of the rat race for a while, at least, according to the Washington Post.



Mass Layoffs Topped 2,000 in June 

June saw 2,080 mass layoffs, bringing the total for the first half of the year to 9,500, compared to 7,470 for the first half of last year, the U.S. Labor Department announced on Friday.



Improvement in Two Economic Indicators 
The Labor Department had two pieces of encouraging news on Thursday.



IT Workers Not Finding New Jobs 
Tales of woe from the dot-com world have become commonplace, but the survey results scheduled for release today by techies.com may contain the gloomiest news yet.



Cash Severance Payments On the Wane 
Losing your job doesn't pay as well as it used to.



Economists Challenge Challenger 
Those widely publicized layoff surveys conducted by the outplacement firm Challenger, Gray & Christmas often paint an inaccurate picture of the employment situation in the U.S., economists tell the Wall Street Journal.




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