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U.S. mass layoffs rise to highest on record
Reuters on Yahoo ^ | 4/23/09 | Pedro Nicolaci da Costa

Posted on 04/23/2009 8:43:14 AM PDT by NormsRevenge

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Bang up job, Dems, real bang-up job!

CONGre$$ dem-controlled since 2006 election

WH now dem-controlled since 2008 election

Who had and has Oversight?

What next on your extended tour to destroy America?

1 posted on 04/23/2009 8:43:14 AM PDT by NormsRevenge
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To: NormsRevenge
All is well! Obama’s job approval numbers are up and the country is ecstatic about the direction our country is headed!
2 posted on 04/23/2009 8:45:35 AM PDT by Obadiah (Party - my house - on December 22, 2012!)
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To: Obadiah

10-12 years of mass transfer of manufacturing and technological sectors to Mexico, China and India under both the republicans and democrats.


3 posted on 04/23/2009 8:47:54 AM PDT by tc45a
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To: NormsRevenge
Last month witnessed 2,933 more mass layoffs, defined as affecting 50 or more workers, than February.

Holy Smoke!!!!! Those mass layoffs represent about .002 percent of the labor force if they all have 50 workers thrown out! OMG...The Sky is Falling!!!

4 posted on 04/23/2009 8:51:06 AM PDT by econjack (Some people are as dumb as soup.)
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To: NormsRevenge

I don’t get it. Hussein is in the White House and trillions of “bailout” dollars have been wisely invested in our nations future. (HAHAHA!) How could anything possibly be wrong with the economy??!! Must be some “tea party” attendee working to undermine the free enterprise system by publishing depressing articles.


5 posted on 04/23/2009 8:54:21 AM PDT by Oldpuppymax (AGENDA OF THE LEFT EXPOSED)
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To: tc45a

“10-12 years of mass transfer of manufacturing and technological sectors to Mexico, China and India under both the republicans and democrats.”

That may not be the only problem to bring us to this point, but that is surely a chicken now coming home to roost.


6 posted on 04/23/2009 8:57:45 AM PDT by DonaldC
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To: tc45a
With the nations debt-to-GDP ratio approaching historic levels and no solution in sight other than a forced cram- down, things are going to get worse. The math and history say so. Won't matter who is in charge. IMHO
7 posted on 04/23/2009 8:58:27 AM PDT by yadent
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To: NormsRevenge
Photobucket

8 posted on 04/23/2009 9:03:50 AM PDT by Dick Bachert
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To: econjack

Well, our company just laid off our entire office (62 North American people, but a part of a large worldwide company), and me with it.

So count us into that miniscule .002%. Or, .0021%


9 posted on 04/23/2009 9:07:12 AM PDT by ILikeBourbon
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To: NormsRevenge

Some stimulus!

Some recovery!

<sarcasm off!


10 posted on 04/23/2009 9:14:31 AM PDT by Salvation ( †With God all things are possible.†)
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To: ILikeBourbon
I'm not saying that the situation isn't bad. What I am saying is that sensationalizing it causes people to retrench for fear of losing their job at the very moment when they need to be out spending. Milton Friedman's concept of Realized Expectations is very real. If enough people think things are going to be bad, they will be bad as businesses limit product expansion and new hires. If the MSM just reported the news without the sensationalism, my guess things would be noticeably better right now.
11 posted on 04/23/2009 9:16:18 AM PDT by econjack (Some people are as dumb as soup.)
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To: Obadiah
All is well! Obama’s job approval numbers are up and the country is ecstatic about the direction our country is headed!

Not to worry! Obummer is in the process of saving/creating 5 million good paying jobs.

12 posted on 04/23/2009 9:25:32 AM PDT by dearolddad
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To: NormsRevenge

My prediction is that unemployment will reach 15 percent by the end of 2009, just about the time inflation and interest rates start sky rocketing.


13 posted on 04/23/2009 9:29:07 AM PDT by pallis
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To: NormsRevenge

More gloom and doom.


14 posted on 04/23/2009 9:29:15 AM PDT by MeneMeneTekelUpharsin (Freedom is the freedom to discipline yourself so others don't have to do it for you.)
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To: pallis
YEP...I'm with you.....15% by year end (you read MY post sometime ago??? jk)

My husband could be among those laid off by then....75% of his office just got the boot...they will be reflected in June....

15 posted on 04/23/2009 9:36:46 AM PDT by goodnesswins (Free Speech for THEE, but NOT for ME????)
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To: pallis
My prediction is that unemployment will reach 15 percent by the end of 2009, just about the time inflation and interest rates start sky rocketing.

While I hope you are wrong I am refinancing and buckling down. My wife and I can easily live on one income.
16 posted on 04/23/2009 9:37:31 AM PDT by TSgt (Extreme vitriol and rancorous replies served daily. - Mike W USAF)
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To: MikeWUSAF

I too hope I am wrong, but I don’t see anything happening to turn things around. We are fortunate to be debt free and able to scrape by on next to nothing, if we have to. I hope everything works out for your family.


17 posted on 04/23/2009 10:01:10 AM PDT by pallis
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To: pallis

Bureau of Labor Statistics numbers for U-6 seasonally adjusted unemployment with an official number for February ‘09 at 14.8%, calculations based on rate of change over the last 6 months project 18.2% national unemployment summer ‘09, and 34.3% summer ‘10.

http://www.abovetopsecret.com/forum/thread443647/pg1


18 posted on 04/23/2009 10:31:33 AM PDT by george76 (Ward Churchill : Fake Indian, Fake Scholarship, and Fake Art)
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To: tc45a

Quite true...the trade/globalization chickens have come home to roost...no job is safe.


19 posted on 04/23/2009 10:51:33 AM PDT by nyconse (When you buy something, make an investment in your country. Buy Amrican or bye bye America)
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To: george76

We are approaching depression era unemployment with no industries left to stimulate.


20 posted on 04/23/2009 10:52:59 AM PDT by nyconse (When you buy something, make an investment in your country. Buy Amrican or bye bye America)
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