Economic

     Mike: I hope you are all able to read my posts without using a scroll bar. I noticed that when using IE and IE based browsers that a scroll bar shows on the site and I’m trying to find out how to get rid of it. When using Google Chrome, which is my choice, […]

Continue reading about June 1 – GM bankruptcy cuts: 21,000 jobs (7900 this year), 2600 dealers and 14 factories – Opel sale could cost 11,000 EU jobs – Rexnord has cut 1300 since Oct-08 – Metaldyne cuts nearly 400

Mike: A very light layoff announcement day for US this Friday. I can’t recall a quieter Friday, so that’s the good news. I’ll be in the great outdoors this weekend, so updates will not occur from Saturday morning at 10:00 until Sunday evening at the earliest. I need a little back to nature time. On […]

Continue reading about May 29, 30, 31 – GDP falls 5.7% – Chicago PMI weakens “unexpectedly” – Consumer sentiment rises in May; better times seen – 9,000 jobs lost in Polish shipyards – St. Louis schools to eliminate 350 – GM Union ratifies agreement that may ease bankruptcy

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