Mike: Good day to all. My goal was to put this post Cash-for-Clunkers is Clunker Legislation by a Clunker of a Congress at the top, but my haste prevented that from happening. Take a look at Cash-for-Clunkers is Clunker Legislation by a Clunker of a Congress and be so kind as to offer your opinion of this […]

Continue reading about June 19, 20 – Sikorsky cuts about 350 jobs – Gannett ready to cut 4,500 more jobs? – Air France-KLM to lose 3000 to attrition – BAE may follow Lockheed Martin on job cuts – CA and SC: record high unemployment rates

Mike: Plenty of reports dot the economic landscape this Tuesday. My guess is that the Housing Starts report will garner the most attention from both the green shoot and yellow weed crowds. The Producer Price Index and Industrial Production are also going to show the direction of the economy. I had to look around for a housing starts […]

Continue reading about June 16 – Housing starts improve from April’s record low – Credit cards ready to make deals to settle accounts – German E.ON may cut 9000 jobs – Lockheed sends 535 layoff notices, may cut 750 – MySpace cuts 420

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