Mike: A tragic ending to the week as people were killed in a Binghamton, NY hostage taking. The day started on a sour note with the unemployment rate spiking to 8.5% and the day ends with the horrifying death of many innocents. Hopefully next week brings a period of good news. Till Monday….. In the […]

Continue reading about April 3 – Jobless rate jumps to 8.5 percent, 663,000 lose jobs – Shire to cut 260 – SR Technics to lay off 600 – 340 jobs lost: West Point Homes – MKS cuts 600 – Nationwide dismisses 480 – 330 jobs gone in Kansas City, Mo. – FedEx delivers bad news to 1,000 – Pratt and Whitney Canada dumps 1,000 – Disney slashes 1,900

Mike: Today brought us increasing unemployment claims and record continuing claims, but improved factory orders. Consumer loan delinquencies increased, but accounting rules were changed to protect banks and other financial institutions. As a result, the stock market shot higher, but hundreds of thousands lost their jobs. It wasn’t be a few months ago that increased […]

Continue reading about April 2 – Jobless claims jump to 669,000 (the highest since 1982) – Record 5.73 million remain on unemployment – Bombardier to chop another 3,000 – Swiss Re cuts 1,150 – Kohler taps 455 for layoffs – Postal Service to stamp out 1,490 jobs in 3 states

Mike: Good day. It was a busy day for layoff announcements, especially for a Friday. A couple of economic reports showed the state of the consumer Consumer Sentiment and Personal Income and Outlays , both of which showed some improvement. Mike: There are a great deal of daily layoffs, so if I have missed any […]

Continue reading about March 27 – IBM jobs cut fallout continues – GM hiring, but wages cut in half – Johnson Controls to cut jobs, close 10 plants – Disney To Eliminate 800 Jobs – Wal-Mart axes 650 in Columbus, OH – Tyson chops 580 OK jobs – Amazon shuts centers, 210 affected – Merck readies job axe