Staff Cuts

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: 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

Mike:  Tuesday is a rather quiet day for economic reports and layoff announcements so far, so I’ll get on to the news of the day. Since I’m running a little late today and don’t have time for commentary right now, I’ll urge you to take a look at the following article that includes part-time workers […]

Continue reading about July 7 – Drought causes job loss in CA – Consumer loan delinquencies rise again – Ikea to cut more jobs – Will 800 PA state workers get the pink slip?