More US workers are worried about getting laid off from their jobs now than at the end of 2008, according to a recent survey.
The quarterly survey conducted for Glassdoor.com, an online career site that posts salaries and workplace reviews, found 26 percent of those polled now fear being laid off in the next six months.
Discover Financial Services became the latest victim of the weakening economy, announcing plans to cut 500 jobs, or 4 percent if its workforce, hurt by mounting credit losses.
The most recent number of U.S. workers filing new claims for jobless aid fell in the latest week, but the number of people on unemployment rolls surged to a record in March, suggesting the labor market's decline has not yet hit bottom.
In another snapshot of the U.S. economy, the country's trade deficit shrank 28.3 percent in February to its smallest since November 1999 as imports tumbled and exports managed to grow slightly.
Initial claims for state unemployment insurance benefits fell 20,000 to a seasonally adjusted 654,000 last week, from an upwardly revised 674,000 the week before, the Labor Department said.
Here is a rundown of corporate job cuts announced so far:
- Discover Financial Services
, the fourth-largest U.S. credit card network, will cut 500 jobs, or 4 percent of its workforce, in May, hurt by mounting credit losses, the company said.
- Deere & Company said that it plans to cut about 200 salaried jobs through voluntary separations.
- Diversified health care products company Johnson & Johnson said Thursday it will cut about 900 jobs, mainly from its Ortho-McNeil-Janssen Pharmaceuticals unit.
- New York Mayor Michael Bloomberg has asked city agencies to cut another 7,000 jobs as the city's finances continue to deteriorate in the recession.
- The Walt Disney Company says it has cut 1,900 positions at its U.S. theme parksdue to the slumping economy.
—Sources: AP, Reuters, with CNBC.com staff.