Plant Closing

  Mike: Best of Friday to you all and thanks for visiting The Layoff List. Today’s monthly jobs report came in better than expected at 539,000 for job losses, but the unemployment rate still increased to 8.9%, which is the highest recorded since September 1983. The article below has a number of points that factored […]

Continue reading about May 8, 9, 10 – Employers “only” cut 539,000 jobs in April – Unemployment rate spikes to 8.9%, the highest since 1983 – Severstal trims 3,100 – ThyssenKrupp to cut 2,000 – 1,300 Medtronic jobs coming to Alamo City – Tyler Refrigeration chops 500

Mike: Thursday’s much anticipated Jobless Claims report shows that fewer layoffs occurred last week. My 602,000 jobless claims estimate from yesterday’s post was fairly close to the reported number. Since I work on this quite a bit each day, I start to see some trends on occasion. As a cautionary note to this week’s improved number is […]

Continue reading about May 7 – Jobless claims fall to 601,000 – Record continuing unemployment claims at 6.35 million – DuPont to lay off 2000 – Severstal to cut 1900 – Cub Cadet eliminating 480 – GM preparing for new job cuts

Mike: A relatively busy day for layoffs and economic reports that seemed to be taken as a positive for the day. What was bad news last monthis taken as good news this onth, as far as the market is concerned. I hope you are all making money during this time of positive news, but don’t get complacent. Till tomorrow and […]

Continue reading about May 6 – Microsoft keeps chopping: 1200 gone in WA – Fiat denies report of 18,000 job cuts – eBay ending 700 call center jobs – Trinidad Drilling cuts > 500 – Mortgage applications up from previous week – Challenger Report: Fewer job cuts in March, but up 47% from last year