Cut Jobs

Mike: Plenty of news to digest this day. Economic numbers that weren’t as bad as expected seems to have lifted the spirits of many, but I wouldn’t want to get to cheerful until the job numbers stabilize. The fact that GM has to close most plants for nini weeks will affect more than just GM […]

Continue reading about April 24, 25, 26 – Credit Card Bill of Rights? – Cessna may cut 2,800 more jobs – Apple axed 1600 in first quarter – L.L. Bean to lay off up to 240 – Medtronic lays off 240 – Trinity Rail to dump 659 – Stanley to eliminate 550

Mike:  Today brings us the weekly Jobless Claims  number and  Existing Home Sales. Jobless claims rose  to 640,000. Last weeks revised drop to 613,000. The bit of good news in the report showed that the four-week moving average declined 4,250 to 646,750. A continued decrease in the four-week moving average is a better iindicator of job loss trends than […]

Continue reading about April 23 – Jobless claims increase to 640,000 – Continuing claims reach new record of 6.14 million – Danaher to lay off 2,300; close 16 facilities – Precision cuts 1,000 drilling jobs – Lloyds sheds 1,000 staff – Freescale to cut 900 – Alcoa to can another 275 – Bashas’ Markets to chop 700 – CNH to dump 1500

   Mike: Good day to all.  Wednesday became an active layoff announcement day, especially in the afternoon with Kimberly-Clark, Apache and GM announcements. Thursday brings us the weekly Jobless Claims  number and  Existing Home Sales. Both will indicate if the economy is stabilizing. Stay tuned…. – First I’d like to give some props to a fine blog at Pay […]

Continue reading about April 22 – Update: GM to lay off 1600 salaried workers this week – GM plans 9-week summer shutdown – Volvo cuts 1543 – Fewer U.S. companies plan job cuts – T Rowe Price chops 288 – 1000 gone at Phillip Morris in July