Mike: I thought that jobless claims would increase, but I was surprised it increased by 32,000, since the auto manufacturers layoff announcements didn’t occur until last week.  Initial jobless claims rose by 32,000 to 637,000 in the week ended May 9, from a revised 605,000 the prior week, the Labor Department said today in Washington. […]

Continue reading about May 14 – Jobless claims jump to 637,000 – Continuing claims rise to record 6.56 million – Chrysler closes 789 dealers – UK’s BT to cut 15,000 more – Drug makers offering freebies to unemploymed – Canada’s CAE to chop 700 – More IBM layoff rumors – Nike to cut 1750 worldwide

Mike: Good day to all and thanks for visiting The Layoff List. Today brings a bevy of economic reports, so let’s see how the experts analyze the data. MBA Purchase Applications fell from the previous week even though interest rates are at historically low levels. The remainder of the reports are as follows: Retail Sales, Import and Export Prices,  Business […]

Continue reading about May 13 – Chrysler to cut 800 dealers on Thursday? – Las Vegas Sands Macau to drop 4000 – Daimler’s Fuso to cut 2300 – Germany’s Schaeffler could cut 4500 – First quarter foreclosures increase 23% – Seagate to delete 1100 jobs – Continental Airlines drops 500 – ArcelorMittal announces nearly 1000 layoffs – American Axel to lay off nearly 600 – Harley-Davidson dumping York, PA factories?

Mike: I hope you all have a fine Tuesday. Today brings us the weekly retails sales numbers, ICSC-Goldman Store Sales  and Redbook,  which show increases from last year. Shoppers are opening thier wallets and spending some money this year, which is a good sign that people are more comfortable with spending. Mike: My following thoughts are not meant to […]

Continue reading about May 12 – Japan Airlines to Cut 1200 – 1200 jobs to go at Eircom – Retails sales improve – Median home prices fall 13.8% – GM may close 50% of dealerships – USG to cut more jobs – Loyola hospitals cutting 440 – PNC Financial adding 400 Chicago jobs – GE to bring 350 jobs to Albany, NY