Jobs
U.S. employers cut workers from their payrolls for the sixth straight month
in June for the longest losing employment streak since 2002, government data on
Thursday showed.A separate report showed new applications for jobless benefits hurdling to
404,000, suggesting further weakness ahead for employment.
- FILED UNDER: Editor Posts, Economy
- July 3, 2008
When can we call it what it is...a RECESSION?
A major employer in my area announced yesterday that it's laying off 275 workers as a direct result of the downturn in full-size automobile sales in the US (they make transmission parts for pickups and SUVs). Meanwhile, gasoline prices in the area are at $4.21 per gallon, with some predicting $5/gallon before Labor Day.
If all else fails, immortality can always be assured by spectacular error. ~~~John Kenneth Galbraith
- parent
By nonexistent manJuly 4, 2008 - 12:27pm