Mike: A gloomy job market on Thursday looks to extend its hold into Friday as the financial markets digest the senate’s refusal to bail out the auto industry. I find it very interesting that there were Republican wage cut demands on the contracts on the UAW, but I don’t recall any wage cut demands for […]

Continue reading about Friday’s Jobs Meltdown – BOA slashes 30,000 Jobs and Auto Bailout Rejected (for now)

mike@layofflist on December 11th, 2008

 Mike: The job news has quickly deteriorated this morning. New unemployment claims keep running ahead of the estimates of so called economists by a wide margin. Again, I don’t know why these numbers are unexpected or surprising. All those economists need to do is read a newspaper or talk to someone outside academia and they […]

Continue reading about Job Losses at 26-year high and No Yahoo! at Yahoo! this Thursday

mike@layofflist on December 10th, 2008

Mike: Rio Tinto may be the first large mining company to blast jobs, but it won’t be the last. Economies that depend on commodities, such as Australia, Canada,  and Russia will be hit hard by mining, and eventually oil drilling job cutbacks. One of the issues of cheaper commodity prices is that extractors don’t have the […]

Continue reading about Mining Wednesday’s Job Losses – Rio Tinto Blasts 14,000 Jobs