Mike: A very busy day with layoff announcements arriving all day and there are still some I have missed that will have to wait until tomorrow. As a reminder, the jobs claims numbers arrive at 8:30 and they are expected to be bad. Maybe good fortune shines for a day and the losses are less […]
Mike: Good morning to all. This is starting out to be a very quiet layoff announcement day, which I’m sure all of us are grateful for. A couple of economic reports due this morning, Motor Vehicle Sales and Pending Home Sales Index will give a clearer picture of the auto and home construction job market […]
Nike: I hope you all had a fine weekend. – The week is starting out with the announcement of HSBC cutting 6100 US jobs. The banking sector remains in deep trouble and larger layoff notices shouldn’t be a surprise, especially once earnings reports are released. – Larger layoff announcements and important economic reports: US/Canada: HSBC […]