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January never a good month for layoffs

Last month brought nothing but heartache for hundreds of thousands of American workers.

A report released Wednesday indicates that there were 241,749 planned job cuts for the month of January, most of which came from the retail sector.

There is one bright spot, looking ahead: historically, January is the heaviest month for downsizing. Between 1993 and 2008, January job cuts averaged 95,053, 10% higher than the average in October (88,892), the next heaviest job-cut month.

I wouldn’t start jumping for joy now that January is behind us, but at least there is some historical hope that job-cut totals could lower for the rest of the year.

RICHARD SIMON, Multimedia Reporter