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Lowest Level of Employment Since 1999

Published on .

NEW YORK (AdAge.com) -- U.S. ad agencies cut 1,600 jobs in October, marking the biggest monthly decline this year, according to data from the U.S. Bureau of Labor Statistics.

Agency employment dropped 0.9% from September, to 179,900, the lowest level since January 1999.

Year-over-year staffing declines eased to -4.7% in October but that was due to easier comparisons with the depressed post-9/11 job market in October 2001.

Agencies have cut 11.3% of their staffs since employment peaked in August 2000. The October layoffs came amid some signs of an improving ad market for next year.

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