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Layoffs Continue to Mount

NEW YORK (TheStreet) -- The job market has been a giant seesaw in 2011 -- just when things are looking up, another piece of data disappoints and sentiment dips back down.

While the economy added more jobs than expected in September, the gains were not enough to bring down the nation's unemployment rate, currently stuck at 9.1%.

>>Layoffs Mount in 2010: What Does it Mean for 2011?

The latest read on initial jobless claims also fell short of expectations and remained stuck near 400,000.

Some 403,000 Americans filed for first-time unemployment benefits in the week ended Oct. 15, according to the Labor Department. The most recent weekly read ticked down by 6000.

Economists expected a decline of 4,000 to 400,000 from the originally reported 404,000 claims in the prior week. However, the prior week's claims were upwardly revised to 409,000.

While experts agree that layoffs will be less severe in 2011, companies continue to dole out pink slips. TheStreet is tracking these job cuts over the year. Click on to see what companies have announced layoffs in 2011...

Stock quotes in this article: LOW, BJ, YHOO, BA, JCP, HBC, AXP 

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DOW 16,408.54 -16.31 -0.10%
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