U.S. businesses announced 171,874 job cuts in October, up 125 percent from September's level of 76,506. It was the greatest number of job cuts since 176,010 in October 2002.
The Labor Department's employment report on Friday showed a jump of 126,000 workers on payrolls outside the farm sector -- the third monthly rise in a row, far outstripping analyst expectations.
So, one has to wonder -- is a respected independent firm wrong, or is the Labor Department wrong... and if so, why? Has the Bush administration found a way to cook the books?