Redundancies
Mike: Good day. It was a busy day for layoff announcements, especially for a Friday. A couple of economic reports showed the state of the consumer Consumer Sentiment and Personal Income and Outlays , both of which showed some improvement. Mike: There are a great deal of daily layoffs, so if I have missed any […]
Mike: Jobless Claims will be the news of the day. * The Labor Department said Thursday that first-time claims for unemployment insurance rose to a seasonally adjusted 652,000 from the previous week’s revised figure of 644,000. That is slightly above analysts’ expectations. The total number of people claiming benefits are up 122,000 to 5.56 million, […]
Mike: Good day to all. Today proved to be a milder day for layoff announcements. The report of Schlumberger’s 6000 layoffs was the big news of the day, but we’ll wait for confirmation from additional sources to get the exact number. Unemployment is still going to bean issue moving toward any kind of recovery, but […]