Firing

Mike: A good Thursday to one and all. Today’s Jobless Claims report came in at 631,000, which is 14,000 less than expected. That’s decent news, but it should not be taken as the final word, since the revised numbers have been higher each week for the past six months. On the other hand, a reduction in the […]

Continue reading about April 30 – Jobless claims fall to 631,000 – Record 6.27 million collecting unemployment benefits – UBS axed 2,000 U.S. jobs – Fujifilm to cut or transfer 5,000 – BASF to cut > 2,000 jobs worldwide – Textron cuts 2100 more – Chrysler to file for bankruptcy – Motorola cuts 500 more

Mike: Today’s layoff announcements picked up steam later in the day, as seems to be the case of late. Tomorrow brings us the weekly  Jobless Claims report. Don’t forget to track the flu here: Google maps app –  swine flu tracker GDP fell more than expected, but it was good news because the consumer is spending more […]

Continue reading about April 29 – Dealer group: GM closings to cost 137,330 jobs – Cessna announces 2,300 layoffs – Goodyear flattens 3,800 jobs – Jones Apparel trims 1,000 – Clear Channel tunes out 590 jobs – Ford to dump 380 in Louisville

Mike: Good day to all. Today’s economic reports include weekly retail sales and the S&P Case-Shiller HPI, which tracks monthly changes in the value of residential real estate in 20 US metropolitan regions. This index has declined in every quarter since 2nd quarter, 2006. Housing price stability is vital to an improved economy. Obviously, if home prices continue […]

Continue reading about April 28 – Are you working yet? How do you navigate those uncomfortable unemployment questions? – GM Canada to cut 5,900 – Danish Vestas cuts 1900 jobs – Magna cutting 725 – American Axle to cut Detroit jobs and move them to Mexico – Case-Shiller: Home prices fall only 18.6% – Consumer Confidence Jumps – Hutchinson Technology cuts another 300 – Track swine flu with Google Maps