Positions Eliminated
Friday brings with it the Employment Situation, which is expected to be a market mover. The consensus estimate ranges from -625,000 to -495,000. Till then…………… Mike: Jobless Claims show a slight drop to 621,000 from a revised upward figure of 625,000 the previous week. Seems that every week we have a jobless claims number that is revised upward, but that’s […]
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 […]
Mike: Good day to all. Yesterday was GM bankruptcy day and the death of another American icon. The job loss carnage of both the Chrysler and GM bankruptcies will be felt for years to come as hundreds of thousands of decent paying auto related jobs end and are replaced with lower paying jobs. Maybe the […]