Posted on 09/01/2016 4:38:03 AM PDT by Red in Blue PA
The number of announced layoffs by U.S.-based companies fell in August to the lowest level since May, global outplacement consultancy Challenger, Gray & Christmas reported Thursday.
U.S. employers announced they planned to hand out 32,188 pink slips last month, a 29 percent decline from July. The August total was also 22 percent below the number of job cuts at this time last year.
The computer sector was the biggest job-cutter, with Cisco Systems accounting for most of its 6,103 payroll reductions. The maker of networking equipment announced it would let go 5,500 employees last month.
(Excerpt) Read more at cnbc.com ...
Green Shoots I tell ya!
Shovel ready jobs.
Summer of Recovery!
Any other Orwellian terms I am forgetting?
Nothing left to cut. Only new jobs are minimum wage service jobs which will shrink as higher minimum wages come in.
There aren’t many jobs left to cut. I live in a small city of about 40,000. Every restaurant, big box store and any other business has signs out saying now hiring. The restaurants are cutting hours due to a lack of employees. There are lots of people not working. It’s apparently profitable not to work.
Wow. The MSM scrapping the bottom of the bowl for “positive” economic news for Barky the wunder prez. Ironic, because it’s the same place this country went for a pResident...
The "lowest level" since a couple of months ago. BWahaha. Boy, that's really impressive. /s/
I was laid off on August 3rd. Guess I’m not normal. Sikorsky in Connecticut just had a layoff this week.
I feel for you. Under this POS _resident, I was laid off twice, once for quite awhile. Not a pretty picture out there to say the least. Best of luck to you and try to stay confident in yourself. THAT is probably the most important thing.
Eventually went back to school for my MBA.
Try to think of each one of those layoffs as a human being trying to support him/ herself and maybe a family too
That’s a lot of misery
I watched “BBC World News” last weekend and a program called “Dateline London” was discussing the rise of Nigel Farage and Brexit and the rise of Donald Trump.
A female panelist let it slip out that the world has been going through the ‘worst economic recession since the Great Depression’ over the last eight years in her explanation of the Farage-Trump-LePen political movements in the world.
The reason our MSM has ignored that is precisely because it would hurt Obama and the Dems politically.
time to parse, 'we do not count nonUS based companies which employ Americans '! See how easy it is to lower the layoff numbers!
I think “Back from the brink” was one that was used as well.
If there are only 32k layoffs this month, how can there be 263k new unemployment claims this week, and 261k last week, and week before that, etc., etc. etc,
When I was younger, it was front page news when a company let go of 500 employees
Now, the US losing 5,500 employees is par for the course and doesn’t even warrant a blurb
As a matter of fact, by modern metrics that’s AWESOME (we only lost 5,500 jobs!)
Sad
It breaks my heart
How many pink slips were handed out when Hancock’s Fabric stores closed, or will be when Hobby Lobby closes theirs?
My last day was August 17th with IBM. They call it an “RA”, (Resource Action), instead of a ‘layoff’. Went to an orientation for regaining a new job in the current working environment and there were at least 4 IBMers in the group of about 25.
Ours was call a “workforce reduction”.
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