You have to put these announcements over the past ten days in prospective. These unemployed folks won’t appear until Feb or Mar of next year. We ought to anticipate the unemployment moving back up closer to nine percent by the summer of 2013. At that point, the President can’t really blame Bush anymore...he owns the mess at this point.
November 14 , 2012
Panasonic - 10,000 More Layoffs by End of March
Pierce Manufacturing in Bradenton - Layoffs begin
Gamesa Energy - 92 Layoff Notices
Report: Spain’s Bankia ( International ) - 5,000
Tooele County UT - 22
Monitor Group - 235 Layoffs, Probably Much Less