Economy

Driven By Public Sector Job Loss, 2011 Layoffs Pass 2010 Total

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Planned layoffs dropped for the second consecutive month in November, but the number of job cuts in 2011 has already surpassed the 2010 level as federal, state, and local governments continue shedding jobs, CNN Money reports. Job cuts this year total 564,297, a 13 percent increase over the 2010 total of just under 530,000. The public sector was hit the hardest, shedding roughly 180,000 jobs in 2011. Still, according to payroll company ADP, the economy added 206,000 jobs in November, including 130,000 in the private sector.