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‘Mass layoffs’ soared in January, government reports

 Employers took a large ax to their payrolls in January, the government said Wednesday.
Government figures confirmed what many in Northeast Ohio knew firsthand or from the stories of family and friends: Many workers lost their jobs last month.
The Labor Department reported that mass layoffs — or job cuts of 50 or more by a single employer — increased to 2,227 in January, up almost 50 percent from the same month last year. More than 235,000 workers were let go in last month’s cuts.
January was a bad month for the labor market as companies from a wide range of sectors announced tens of thousands of layoffs, including Home Depot Inc., Boeing Co., Pfizer Inc. and Caterpillar Inc.
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