Mike: Good day to all. My goal was to put this post Cash-for-Clunkers is Clunker Legislation by a Clunker of a Congress at the top, but my haste prevented that from happening. Take a look at Cash-for-Clunkers is Clunker Legislation by a Clunker of a Congress and be so kind as to offer your opinion of this […]

Continue reading about June 19, 20 – Sikorsky cuts about 350 jobs – Gannett ready to cut 4,500 more jobs? – Air France-KLM to lose 3000 to attrition – BAE may follow Lockheed Martin on job cuts – CA and SC: record high unemployment rates

Mike: I hope you all have a fine Friday and thanks for visiting The Layoff List. The layoff and unemployment news is in the next post just below this one, but I needed to vent about the latest in legislative stupidity. Today’s economic calendar is light, so I’m going to review the Cash-for-Clunkers legislation that […]

Continue reading about Cash-for-Clunkers is Clunker Legislation by a Clunker of a Congress

Mike: Thursday’s Jobless Claims report shows that weekly claims increased, but continuing claims decreased for the first time after increasing for the past 21 weeks. The four-week moving average, which smooths weekly volatility fell to 615,000. The news media is trumpeting the continuing claims decline without mentioning the effect of people losing their unemployment benefits. There […]

Continue reading about June 18 – Jobless claims increase to 608,000 – Continuing claims decrease to 6.69 million – Leading economic indicators up more than expected – Synovus to shed 650 jobs – Sacramento County OKs 800 layoffs – Exelon to shed 500 jobs – Clemson to chop 450 jobs