This economy is generating a TON of new jobs - the problem is, most of these jobs are in India and assorted other third world hellholes.
Pink slip ping.
"So far in 2005, planned job reductions are ahead by 14%, at 538,274, Challenger's tally shows.
"According to the most recent Labor Department data, there were 4.6 million separations from jobs in April, including 1.6 million layoffs, up about 250,000 from a year earlier. At the same time, 4.5 million workers were hired, flat with a year earlier.
This doesn't seem to jibe. If there are 538,274 'planned' job reductions year to date, that's only 89,712 a month. But the Labour Department says there are 1.6 million layoffs per month. Or do they count all involuntary and seasonal separations? Do they include firing for cause?
In any case, if there is 4.5 million turnover per month, these 'big cuts' don't seem so big.
Howdy Tex! Or, more appropriately, Aloha.
(just returned from Maui)
Last I saw it, the unemployment rate was 5.1%.
It makes absolutely no sense to me how outsourcing manufacturing is good for the country. Is this the same economic new math that gave us the massively fraudulent internet get rich-quick insanity?
....so , when are we supposed to get all those new jobs that were promised when they were trying to get all the free trade bills passed? Trading with china was supposed to generate 10 million new jobs, NAFTA was supposed to generate a few million more new jobs, etc.
It must be getting close to review time for the big execs. They probably want to implement their cost saving measures to ensure they get a megabuck bonus.
J'Accuse! I believe that you and Willie Green are one in the same!
Having trouble selling a $40,000 gas guzzler in a hyper-inflated oil market and over extended on their pension plans? Noooooo......c'mon. Who'd thunk it could happen!
Long term trend has been following the expected course, and likely will continue.
The academic economists are mad. Old pard is one. They truly are out of touch with reality.
This news should increase the price of homes another 15%.
U.S. jobs?
How provincial!
Shouldn't we be developing a global perspective? (/sarc)
Maybe Detroit should make better vehicles. Been there, done that.
And thanks for all that concrete evidence the "planet is changing". I'd never had known it was changing since I guess my 46 years living on a planet billions of years old make me so dang smart.
Oh, and I've got to give it to that photographic evidence of pure fact between 17 recent years. More definitive proof of fact regardless of millenium of existence.
Your negativity is tiresome. Layoffs are up, but unemployment is down?
There was an article this morning about how the left is using phoney polls and studies to suggest that they are winning the war of ideas and that we should expect a marked increase in the number of such polls and studies regarding the judicial nominees.
What was your old screen name?
Our Federal Reserve needs to stop messing with the rate when businesses tell the Administration to jump. Oil companies control inflation, up or down, anyway. The US dollar must fall. The yuan and the peso must go up.
The alternative is Hillary and her plans for the properties of what her kind call the "good ol' boys" (and "good ol' girls," of course).
bump for a later read....