Jacksonville federal jobs could be slashed, according to a new survey.

Employers announced plans to shed 115,730 workers from their payrolls in September, making it the worst jobcut
month in over two years. Heavy reductions planned by the military accounted for a large portion of September job cuts, signaling what may lieahead as the federal government seeks across-the-board cuts in spending.

September job cuts were 126 percent higher than the 51,114 announced in August, according to the latest report on monthly job cuts released Wednesday by global outplacement firm Challenger, Gray & Christmas, Inc. They were 212 percent higher than September 2010, when employers announced just 37,151 job cuts. Last month’s total is the highest since April 2009, when 132,590 job cuts were announced.

The September surge brought the number of job cuts announced in the third quarter to 233,258, the highest quarterly toll since the third quarter of 2009. That figure is up 103 percent from the previous quarter and 105 percent higher than the same quarter a year ago.

One-third of the layoffs announced this year came from government employers. It is, by far, the largest job-cutting sector, with 159,588 announced job cuts to date. This figure includes 54,182 government-sector cuts in September, 50,000 of which are the result of a five-year troop reduction plan announced by the United States Army.

The second largest job-cutting sector to date is the financial sector, which announced 54,013 planned layoffs between January 1 and the end of September. That is up 177 percent from the 19,474 job cuts recorded over the first three quarters of 2010. Of the 54,013 financial job cuts this year, 31,167 occurred in September, with 30,000 resulting from Bank of America’s multi-year workforce reduction plan aimed at saving the struggling bank $5 billion per year.

This news does not bode well for finance jobs in San Antonio and other areas.

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