Mike: Tuesday brings us the always important Existing Home Sales and a couple of weekly retail reports. Existing Home Sales will show if new home sales are brisk or continuing to languish. Well, it looks like sales increased, but were below expectations. I couldn’t find a headline that read “April existing home sales revised down and May […]

Continue reading about June 23 – MySpace to cut 300 international jobs – Mich. State U may cut 590 – Harvard dismissing 275 – May home sales increase 2.4%, but miss expectations – May mass layoffs tie record high – GM to cut 4000 salaried jobs by Oct. 1 – Nissan’s electric car to create 1300 jobs – Hav-A-Tampa: 500 lose jobs

Mike: Good day to all. My goal was to put this post Cash-for-Clunkers is Clunker Legislation by a Clunker of a Congress at the top, but my haste prevented that from happening. Take a look at Cash-for-Clunkers is Clunker Legislation by a Clunker of a Congress and be so kind as to offer your opinion of this […]

Continue reading about June 19, 20 – Sikorsky cuts about 350 jobs – Gannett ready to cut 4,500 more jobs? – Air France-KLM to lose 3000 to attrition – BAE may follow Lockheed Martin on job cuts – CA and SC: record high unemployment rates

Mike: Thursday’s Jobless Claims report shows that weekly claims increased, but continuing claims decreased for the first time after increasing for the past 21 weeks. The four-week moving average, which smooths weekly volatility fell to 615,000. The news media is trumpeting the continuing claims decline without mentioning the effect of people losing their unemployment benefits. There […]

Continue reading about June 18 – Jobless claims increase to 608,000 – Continuing claims decrease to 6.69 million – Leading economic indicators up more than expected – Synovus to shed 650 jobs – Sacramento County OKs 800 layoffs – Exelon to shed 500 jobs – Clemson to chop 450 jobs