Mike: The Jobless Claims report shows that: The number of Americans filing claims for unemployment benefits fell last week to the lowest level since January, depressed by shifts in the timing of auto plant shutdowns. Initial jobless claims dropped by 47,000 to 522,000, lower than forecast, in the week ended July 11, from a revised 569,000 […]

Continue reading about Jobless claims fall to 522,000 – Continuing claims plunge due to auto closures – Gov. Rick Perry’s failures result in 1000s of Texans losing unemployment benefits – Harley-Davidson to cut 1000 more – Lloyds to cut another 1200 – McGraw-Hill chops 550 – Chicago: 400 laid off – Cisco dumping up to 700

Mike: The holiday weekend is behind us and a full week of unemployment news begins. This morning I was browsing the news and came across these little stories that got my head a shakin’. “A second stimulus should be the one they should have done the first time, something that is relatively fast and thoughtful,” […]

Continue reading about July 6 – Both political parties are clueless about unemployment – BASF to cut 3700 jobs – Oracle to cut 1,000 jobs in Europe – Caraco slashes 350

Good day to all. The US is closed for the holiday, but there are still enough news stories to keep this post going for the day. Yesterday the monthly jobless report showed a larger loss of jobs in June than expected. There is one point that should be emphasized and that is US needs to […]

Continue reading about July 3 – Has the Recovery Act helped you? – 11,000 Dutch postal carriers dumped