Mike: The ever important Jobless Claim  report shows  jobless claims fall to 623,000.    – WASHINGTON (MarketWatch) – The number of new layoffs declined by 13,000 to 623,000 last week, while the number of people collecting state unemployment benefits rose by 110,000 to a record 6.79 million, the Labor Department reported Thursday. via Initial jobless claims fall to 623,000 – […]

Continue reading about May 28 – Jobless claims fall to 623,000 – Continued claims at record 6.79 million – New home sales rise 0.3%: less than expected – Defense spending drives durable goods orders higher – HP aims to cut 5,700 EMEA jobs – SUI’s Georg Fischer to cut 2,300 – LA city council votes to layoff 1200 – Revlon erases 400 jobs

Mike: Good day to all. Plenty of news on the economic front this day.  There was good news and some not so good news and that news follows.  Side note: If you are aware of any layoffs that haven’t made this blog or the media at large, please drop me a note at and […]

Continue reading about May 27 – UKs Shell may cut 24,000 jobs – 90% of economists see recession ending this year – Trends: dumb down your resume to get a job – Existing home sales and inventories rise – Saint Joseph Mercy Health trims 350 – Delta Faucet sheds 265

Mike: Good day and I hope you all enjoyed your holiday weekend. The first day of the week generally is the slowest for US job cut announcements and rather busy for international announcements, which seems to be the case this day.  Today brings us the S&P Case-Shiller HPI, which “tracks monthly changes in the value of residential […]

Continue reading about May 26 – Nikon to slash 1,000 jobs – Siemens to cut over 1,000 jobs – 1,100 gone at Bank of Montreal – Job layoffs accelerate home foreclosures, home prices fall by record 19.1 percent, gas prices surge, but U.S. Consumer Confidence jumps