Posted on 01/05/2012 8:52:05 AM PST by Nachum
Blue chips Pepsi, Boeing show profit-propping layoffs still the trend
Wall Street seemed upbeat today thanks to positive jobs numbers in a private-sector payroll report from ADP. Specifically, jobs increased 325,000 in December, led by the service sector and small businesses. Additionally, Novembers employment numbers were revised slightly higher.
But lest you think everything is coming up roses, keep in mind that many big corporations in America still are reluctant to hire. In fact, they are continuing to cut back, based on recent headlines.
For starters, PepsiCo (NYSE:PEP) is considering cutting about 4,000 jobs, according to a New York Post report. Citing inside sources, the paper also said Pepsi might be reducing pension contributions to boost its earnings, too.
(Excerpt) Read more at investorplace.com ...
The list, Ping
Let me know if you would like to be on or off the ping list
Corporations in America still are reluctant to hire.
Unti Obama is out of office.
i found this on Zero Hedge:
This economist shows that without the seasonal adjustment, the employment numbers are WORSENING!
See charts.
Nachum: I posted this above from Zero Hedge.
This is getting ugly.
Ah, good link. I like the Mercatus Center. Thanks.
Won’t you gentleman have a Pepsi??
To bad the conservative hero Limbaugh wasn’t reading any stories on air about how the last sneaky congress slipped in the repeal of DADT about this time last year.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.