Mike: Good day to all. The hopeful glow produced by dreamy stimulus predictions of immediate job growth and recession’s end is fading into the hangover of reality. The punch bowl has been emptied, the lights have been brightened and it’s time to stagger out the door to the sunlight and face the music. This economic […]

Continue reading about July 10 – Cisco cutting up to 2000 jobs? – Silver Line closing plant: 287 lose jobs – Canadian unemployment at 11-year high – AIG ready to pay big bonuses again – Consumer confidence falls “unexpectedly”?

Mike: Today’s Jobless Claims report shows a marked improvement from last week, but those improvements may have been a result of seasonal distortions in the auto sector. Might as well enjoy that bit of good news, but with continuing claims reaching another record at 6.883 million, any celebration is likely to be muted. More on these […]

Continue reading about July 9 – Jobless claims fall 52,000 to 565,000 – Continuing claims reach another record at 6.883 million – Auto factory clean-ups to cost taxpayer at least $500 million – PPD to eliminate 270 jobs

Mike: Good day to all. Today we have the results of the latest MBA Purchase Applications and they show some improvement from the previous week’s abysmal numbers. I merely take a look at the numbers below and while refinancing showed a 15.2% improvement from the previous week, that is still about 15% lower than two weeks […]

Continue reading about July 8 – IL governor orders 2600 state layoffs – Mortgage applications up from last week – US job openings remain at record low