Mike: The Jobless Claims report shows that: The number of Americans filing claims for unemployment benefits fell last week to the lowest level since January, depressed by shifts in the timing of auto plant shutdowns. Initial jobless claims dropped by 47,000 to 522,000, lower than forecast, in the week ended July 11, from a revised 569,000 […]

Continue reading about Jobless claims fall to 522,000 – Continuing claims plunge due to auto closures – Gov. Rick Perry’s failures result in 1000s of Texans losing unemployment benefits – Harley-Davidson to cut 1000 more – Lloyds to cut another 1200 – McGraw-Hill chops 550 – Chicago: 400 laid off – Cisco dumping up to 700

Mike: Good day to all. Today is starting out with some bad news on the layoff front, as this blog’s headline suggests. Must be the corporate leaders are getting back from their extended July 4 breaks and are ready to get back to downsizing. There are a couple of defense related layoffs with the Boeing […]

Continue reading about Unemployment: It’s worse than you think – CA to cut another 2000 state jobs? – Boeing to cut 1000 defense jobs – US Airways to release 600 – Lockheed to chop 600 – Andersen cuts more than 500

Mike: My job has been a little easier so far this week with the reduced number of layoff announcements, which may be an indication that there’s a slowdown in layoff activity, at least in the short-term. These’s plenty of retail economic news out there today and it’s a very mixed bag. I’ll let the people […]

Continue reading about Johnson Controls chops 211 – GE Capital lays off 127 – Stride Rite cuts 120 – Retail sales improve? – Chicago: union deal by midnight or 431 lose jobs