Friday brings with it the Employment Situation, which is expected to be a market mover. The consensus estimate ranges from -625,000  to -495,000.  Till then…………… Mike: Jobless Claims show a slight drop to 621,000 from a revised upward figure of 625,000 the previous week. Seems that every week we have a jobless claims number that is revised upward, but that’s […]

Continue reading about June 4 – Jobless claims dip to 621,000 – Continuing claims stop the record breaking pace, but still at 6.7 million – UCSD cuts 800 jobs, more cuts on the way – Cessna: more layoffs June 19 – Capital Research and Management to cut 820

Mike: There are quite a few economic reports on today’s agenda and a couple of them – Challenger Job-Cut Report and ADP Employment Report – show the direction of employment. The Challenger Report shows an improvement with planned job cuts, but since this is considered the time of year where job cuts are at lower levels, the improvement […]

Continue reading about June 3 – Challenger: planned layoffs lowest in eight months – ADP: jobs cuts higher than expected, but lowest since November – IBM cutting more jobs in NY? – > 600 to lose jobs at Phillips Products – Greif Inc. eliminated jobs 678 in 2nd Q

Mike: Good day to all. Yesterday was GM bankruptcy day and the death of another American icon. The job loss carnage of both the Chrysler and GM bankruptcies will be felt for years to come as hundreds of thousands of decent paying auto related jobs end and are replaced with lower paying  jobs. Maybe the […]

Continue reading about June 2 – Pending April home sales rise 6.7%: most since 2001 – S.F. budget cuts 1600 jobs – Layoff notices to 1100 in Chicago – Deere dumps 494 in Ottumwa