Mike: There are quite a few economic reports on today’s agenda and a couple of them – Challenger Job-Cut Report and ADP Employment Report – show the direction of employment. The Challenger Report shows an improvement with planned job cuts, but since this is considered the time of year where job cuts are at lower levels, the improvement […]

Continue reading about June 3 – Challenger: planned layoffs lowest in eight months – ADP: jobs cuts higher than expected, but lowest since November – IBM cutting more jobs in NY? – > 600 to lose jobs at Phillips Products – Greif Inc. eliminated jobs 678 in 2nd Q

Mike: A very light layoff announcement day for US this Friday. I can’t recall a quieter Friday, so that’s the good news. I’ll be in the great outdoors this weekend, so updates will not occur from Saturday morning at 10:00 until Sunday evening at the earliest. I need a little back to nature time. On […]

Continue reading about May 29, 30, 31 – GDP falls 5.7% – Chicago PMI weakens “unexpectedly” – Consumer sentiment rises in May; better times seen – 9,000 jobs lost in Polish shipyards – St. Louis schools to eliminate 350 – GM Union ratifies agreement that may ease bankruptcy

Mike: The ever important Jobless Claim  report shows  jobless claims fall to 623,000.    – WASHINGTON (MarketWatch) – The number of new layoffs declined by 13,000 to 623,000 last week, while the number of people collecting state unemployment benefits rose by 110,000 to a record 6.79 million, the Labor Department reported Thursday. via Initial jobless claims fall to 623,000 – […]

Continue reading about May 28 – Jobless claims fall to 623,000 – Continued claims at record 6.79 million – New home sales rise 0.3%: less than expected – Defense spending drives durable goods orders higher – HP aims to cut 5,700 EMEA jobs – SUI’s Georg Fischer to cut 2,300 – LA city council votes to layoff 1200 – Revlon erases 400 jobs