Mike: I hope you all had an enjoyable weekend. WordPress is acting strange again this Monday and the paragraph spacing isn’t working well, so the layout may not be quite as smooth as usual.
Today was a busy day for me, so I apologize for the sporatic and incompete updates. I hope to make Tuesday a better presentation.

The economic calander is light this day, so I’ll focus on sending you to some unemployment charts from some excellent financial sites listed below. There’s no sense in me recreating the work of others, so here you go:

– These four graphs show the monthly net job losses (and gains) and the unemployment rate for each of the last four recessions and recoveries. via Calculated Risk: Jobs and the Unemployment Rate.

– Ron Griess of The Chart Store puts together a weekly run of oft fascinating charts. Since this past Friday was NFP day, lets have a look at some of the more telling Employment charts: via Roundup of Employment Charts | The Big Picture.

– Please consider unemployment forecasts. The Fed forecast unemployment at 8.4% in 2009 and the “adverse forecast” was at 10.3% in 2010.via Mish’s Global Economic Trend Analysis: Optimistic Unemployment and Housing Forecasts Looking Downright Silly.
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Tom Toles

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– Larger layoff announcements and important economic reports:


Navigation links to today’s stories:

Microsoft/Google/IBM and other Rumors & News

msft2– We’ve owned shares of Microsoft (MSFT) for almost seven years — with nothing to show for it. I’ve been wrong on the stock, and something is wrong at the company. What is it?

via Why Isn’t Microsoft’s Strategy Working Anymore? — Seeking Alpha.

ibm4– IBM, the world’s biggest computer services provider, eliminated at least 88 North American jobs last week, a severance document shows.

via IBM cuts 88 American services jobs | Australian IT.

ibm5– Rick Clark has advice for anyone considering a job at IBM: Plan that your career will end at age 50.

Clark, 51, a former IBM engineer with a master’s degree, was stunned to learn on Jan. 27 that he would lose his job after 11 years. Not long before, his manager in East Fishkill had given him a substantial raise to prevent him from accepting a job offer from an outside company.

via Ex-IBMer says layoffs target older workers | recordonline.com.

General Economic News

– WASHINGTON – President Barack Obama promised Monday to deliver more than 600,000 jobs through his $787 billion stimulus plan this summer, with federal agencies pumping billions into public works projects, schools and summer youth programs.

Obama is ramping up his stimulus program this week even as his advisers are ramping down expectations about when the spending plan will effect a continuing rise in the nation’s unemployment.

via Obama promises more than 600,000 stimulus jobs – Yahoo! News.

Mike: The below article shows the extreme job cuts at some banks, including; 75,000 cuts at Citigroup and 45,000 at BOA:

– June 5 (Reuters) – Banks, insurers and asset managers worldwide have announced 382,880 job cuts since August 2007 when the credit crisis began to intensify. Following is a list of the deepest job cuts at major companies:

Government Layoff News

– IRONTON — Huge budget cuts resulting from shrinking revenue has forced the Briggs Lawrence County Public Library system to layoff 10 workers and trim operating hours at its five branches by nearly 15 percent.

via The Ironton Tribune | Library forced to layoff staff, cut hours.

– During last week’s board meeting, county supervisors adopted the preliminary fiscal 2009/10 budget, listened to comments from the public and reluctantly agreed to send out layoff notices to about two dozen county employees.

via County agrees to send layoff notices – Yreka, CA – Siskiyou Daily News.

– NEW PORT RICHEY — More than 40 workers with the Pasco County Clerk’s Office are losing their jobs, the latest casualties of shrunken tax revenues and an economy in the dumps.

US and some Canada Layoff News

-More economic hardship news to report in the Flathead — Columbia Falls Aluminum Factory says they are shutting their doors. The closure will happen at the end of July, and 90 employees will be out of work.

The aluminum company says they have been expecting the closure, but hoping that it wouldn’t come down to that.

via Columbia Falls Aluminum Factory closing – KPAX – Missoula, Montana – News, Weather, Sports –.

– A total of 65 associates are currently employed at the Metro Center store. We announced the closing to associates at our Metro Center store earlier today, and individual meetings are being conducted with affected associates to discuss their employment status and eligibility for benefits and severance. Associates who do not accept transfers to other stores as a result of the store closing and who remain employed at the Metro Center store through its closing date will be eligible for severance pay.

via Belk closing Metrocenter store – WLBT 3 – Jackson, MS: .

– Dassault Falcon announced today the layoff 111 workers from the Little Rock Completion Center. Another 42 workers have taken advantage of an “early out” program

via .:: Aero-News Network: The Aviation and Aerospace World’s Daily/Real-Time News and Information Service ::..

– SOMERSWORTH, N.H. — Ninety-one people soon will be out of work in Somersworth, N.H., as Trelleborg Sealing Solutions closes its plant in the city.

The company says it’s shutting down the operation over the next nine months because of the slumping economy.

via 91 jobs lost in Somersworth, NH, plant closing – BostonHerald.com.

– Jeld-Wen will close its Oshkosh plant, eliminating 79 jobs and bringing an end to the former Morgan Door Co.’s 141-year manufacturing history in Oshkosh.

via Jeld-Wen will close Morgan plant Aug. 7 | thenorthwestern.com | Oshkosh Northwestern.

– The economy and uncertainty about future donations prompted the American Red Cross’ Central Iowa Chapter to cut four paid staff positions.

via Money concerns force 4 job cuts at Red Cross | DesMoinesRegister.com | The Des Moines Register.

– A major employer in a village says it will pack up and head out.  Clopay, a garage door manufacturer, says it will close its plant in Baldwin.  According to the village’s website, Clopay is the largest employer in Baldwin with more than 330 employees.

via Garage Door Manufacturer Closing Western Wisconsin Plant – WQOW TV: Eau Claire, WI NEWS18 News, Weather, and Sports.

electrolux– WEBSTER CITY, Iowa – Electrolux is laying off about 150 more workers at its Webster City laundry plant as the company moves some of its washer and dryer production to Mexico.

via Electrolux cutting more jobs at Iowa plant –– chicagotribune.com.

intuit– Intuit Inc. said Friday it said it was cutting 4 percent of its work force, letting go 300 employees of its 8,200-strong workers.

via Intuit cuts 300 jobs – Silicon Valley / San Jose Business Journal: .

– Lehigh Phoenix, a Milwaukee supplier in the overhead transparency and book component business, plans to lay off 54 employees as a result of a consolidation of its production and administrative operations.

via Lehigh Phoenix to cut 54 jobs – The Business Journal of Milwaukee: .

-LM Glasfiber of Denmark is cutting production at its Little Rock wind turbine manufacturing plant, resulting in 80 layoffs, according to a company release issued Monday. The cuts come as orders have slowed due to the economy.

via LM Glasfiber Cuts 80 Jobs – ArkansasBusiness.com .

– Women’s swimwear manufacturer A. H. Schreiber Co. will lay off 45 employees at the end of June, according to a news release from the Tennessee Department of Labor & Workforce Development’s Dislocated Worker Unit.

via 45 Workers To Lose Jobs At Bristol’s A.H. Schreiber | TriCities.

– New East Manchester Ltd, the regeneration quango charged with bringing investment into deprived parts of north and east Manchester, is being forced to cut staff and chop its wage bill as it faces a likely shortfall in funding from its three main sponsors.

via Regeneration firm loses staff as funding is cut – Crain’s Manchester Business .

– The high-profile Manchester-based developer today confirmed it is consulting with construction staff in the north, but refused to say how many posts would go or when.

via Urban Splash wields jobs axe – Business – News – Manchester Evening News.

hospital5– SUDBURY — The news that 3,700 employees of Sudbury Regional Hospital have been dreading will be delivered this week.

Hospital officials will meet with union and non-union employees first thing Wednesday morning to tell them how many jobs — and which positions — will be cut to trim $12 million from Sudbury Regional’s 2009-10 operating budget of $360 million.

via Sudbury hospital cuts expected Wednesday – The North Bay Nugget – Ontario, CA .

gm15– General Motors told almost 400 Flint Truck Assembly Plant workers this morning that their jobs on a commercial truck line here will be eliminated July 31, a crushing blow to Genesee County’s only remaining assembly plant.

via General Motors eliminates 400 jobs at Flint Truck Assembly Plant – Genesee & General Motors.

– The Knoxville plant of Smurfit-Stone Container, a Chicago-based company that makes cardboard containers, laid off 12 employees May 1.

via Smurfit-Stone lays off Knoxville workers : Business : Knoxville News Sentinel.

wind-A wind power company in southwestern Minnesota has announced it will eliminate 70 jobs this summer with another 90 layoffs possible by the end of September.

via Pipestone Wind Turbine Plant Laying Off Up to 160 | KSFY.com – Your Source for News, Sports, and Weather – Sioux Falls, South Dakota 57104 | Local News .

– Orgill Inc. is laying off 176 employees at its Memphis Distribution Center in August, according to the Tennessee Department of Labor and Workforce Development’s latest report.

via Orgill to lay off 176 people in Memphis – Memphis Business Journal: .

– The company is also planning to lay off some employees, but it’s not clear how many will be affected.

via MediaPost Publications FIM Scuttles Office Move, Plans Layoffs 06/08/2009.

– HSN says it has eliminated 15 hourly workers at its facility in Roanoke.  The company says that is less than 4% of HSN’s total employees in Virginia.

via Layoffs at HSN facility in Roanoke | WSLS 10.

– Newport Television is mandating unpaid leave from employees to help the broadcaster weather the economic crisis. Employees are to take 10 days of furlough for the remainder of this year.

via Newport TV Mandates Furloughs – 2009-06-08 17:32:45 | Broadcasting & Cable.

– A decline in giving will force the Southern Baptist Convention to reduce its worldwide missionary force, leaving fewer men and women to share their faith and skills around the globe.

via Baptists forced to cut missionary ranks | courier-journal.com | The Courier-Journal.

– The Greater Durham Chamber of Commerce has eliminated four of 14 positions to reduce expenses and hold off any increase in membership dues, for now.

via Durham chamber cuts 4 of 14 jobs – Triangle Business Journal: .

newspaper5– PORTLAND, Maine — Twenty-two nonunion employees of Blethen Maine Newspapers, including top executives, have been notified that they will lose their jobs when the Seattle Times Co. completes its sale of the media company.

International Layoff News

ldv– Birmingham van maker LDV entered administration on Monday after a rescue bid collapsed and the government refused requests for emergency aid.

Around 4,000 job losses are expected as a result, 850 at LDV and another 3,000 at dealers and suppliers.

via FT.com / UK – LDV collapses with loss of 4,000 jobs.

– The Forensic Science Service (FSS) may eliminate up to 800 jobs, according to the Prospect trade union.

– This week a spokesman for the company said: “Forty-six people from the shopfloor and engineering areas were made redundant, as announced at the beginning of May.”

via Redundant Avon staff at Melksham told to go (From This Is Wiltshire).

– Workers at Denso Marston in Shipley, which now employs 565 staff following a round of redundancies in March, face more cuts after it was announced the company would shed a further 78 job

via Union hits out at 78 job cuts (From Bradford Telegraph and Argus).

– Mercedes have made around 50 employees redundant at their Formula One engine plant in Britain and could shed more depending on the future direction of the sport, motorsport vice-president Norbert Haug said.

via Sport Feed Article | Sport | guardian.co.uk .

– The mill has been hit hard by the economic downturn.

North Otago’s second largest employer is struggling to keep workers busy. So it is giving 200 of them a week off – fully paid – to try and create a backlog of work for them to return to.

via 3 News > Business > Story > Oamaru wool mill calls for 30 voluntary redundancies .

– Japanese carmaker Nissan (7201.T) said it had agreed with unions to offer 200 workers in Spain temporary redundancies, marking the latest move by recession-hit firms to avoid high Spanish firing costs and save jobs.

via Nissan offers Spanish workers temporary layoffs | Industries | Financial Services & Real Estate | Reuters .

– THE COMPANY behind Ashfield College in Templeogue, Dublin, has refused to comment on the issuing of redundancy notices to several staff members in recent weeks.

via Staff let go at Ashfield College ‘grind school’ – The Irish Times – Sat, Jun 06, 2009.

– Four jobs are to go at the Nelson Mail newspaper as parent company Fairfax Media moves to slim down its New Zealand operations.

Hiring News and News You Can Use

– Secretary of Defense Robert Gates said earlier this year that the Department of Defense (DoD) must be able to train 200 cyber security experts, up from 80 now. How about the whole U.S. government?

There’s a clear need in agencies as diverse as energy, aviation, and, of course, defense.

“We are conducting a national competition and talent search to find 10,000 security experts for the entire government,” James Christy, director of future exploration (FX) at the Defense Cyber Crime Center (DC3) and a former security officer in the Air Force told InternetNews.com.

via IT Security Jobs: Gov Needs 10,000 Experts.

– Sign up for our bi-weekly Job Alert

Be the first to know about hot new jobs in wireless and telecom.

via Sign up for our bi-weekly Job Alert – FierceWireless.

– For the first time in 16 months, a closely watched employment report from The Conference Board saw a positive move.

The May Conference Board’s Employment Trends Index stands at 89.9, up 0.2 percent from the revised April figure of 89.7. But that’s still down 20 percent from a year ago.

via Conference Board jobs index inches up – Pacific Business News (Honolulu): .

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Mike: More news later………………

Jeff Stahler

Jeff Stahler


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