CNBC reported some scary numbers this week:
The Conference Board said its Employment Trends Index recorded a 15-month-long decline to 105.3 in October from a revised 107.2 in September, first reported as 108.4. The index is down 11.8 percent from a year ago.
"The economic developments of the last two months made it clear to businesses that demand for goods and services in the U.S. is declining, and businesses are responding by aggressively slashing their payrolls," said Gad Levanon, economist at the Conference Board, in a report
CNBC also compiled their own very scary list of layoffs.
But Salvatore Ianuzzi, CEO of Monster.com, says that there are still companies hiring for jobs.
"While there is a slowdown and companies are announcing layoffs, those very same companies right now are also hiring," said Iannuzzi on CNBC. "They may be laying off in certain areas but they're hiring in others."
The sectors he said are still hiring strong include government, healthcare, protective services, mining and exploration.