Factory Closing

Mike: As with most Thursdays, the weekly jobless claims number is the big news. Today saw a reduction of claims to 601,000, which is still a very high number, but an improvement from the previous week. The markets seem excited by unemployment remaining above 600,000, but then all news is good news of  late.  The […]

Continue reading about June 11 – Jobless claims decline to 601,000 – Continuing claims reach another record at 6.82 million – Michigan unemployment at 23.4%? – U of Iowa Hospitals to cut 200+ – Another 1600 gone at American Airlines – UTStarcom to cut 2,300

Mike: Good day. The economic news for this day is primarily the MBA Mortgage Applications Index, which showed weakness due to increasing interest rates. This is the busiest time of year for home sales, yet mortgage application increased only 1.1% for the week and that’s with historically low interest rates. Refinancing decreased 12% due to those […]

Continue reading about June 10 – Mortgage applications fall 7.2% – Job openings at lowest level since 2000 – Chicago schools to cut 1000 – Char-Meck schools to dismiss 900 – Ford plans to cut 350 in Louisville – GM extends summer plant closings

Mike:  Good day to all and thanks for visiting the Layoff List. I would like to know what you think of The Layoff List, so I can improve the site and make it more useful to you. Let me know if you want less of something or more of something. I could add a page […]

Continue reading about June 9 – GM Wentzville, laying off nearly 900 – Talbots cutting 20% of workforce – Lloyds chops another 1500 – Unilever dumps 460 jobs