The Coming Depression - "Mass Layoffs" In U.S. Up 3 Percent

Discussion in 'Media' started by hvactec, Sep 10, 2011.

  1. hvactec
    Offline

    hvactec VIP Member

    Joined:
    Jan 17, 2010
    Messages:
    1,315
    Thanks Received:
    106
    Trophy Points:
    83
    Location:
    New Jersey
    Ratings:
    +132
    9/05/11
    The jobless numbers that came out Friday were hardly encouraging. The government said the unemployment rate in August was stuck at 9.1 percent, with as many jobs lost as created. Here's some more bad news: The number in a category the government calls "mass layoffs" has jumped by 3 percent. Mass layoffs are when employers let go of 50 or more people at one time. CBS News correspondent Ben Tracy reports that when Borders closed all of its book stores this summer, more than 10,000 people suddenly found themselves out of a job. "We kinda all just walked around in a daze. We didn't know what to do," says former Borders employee Stacy Murray.

    "I think things are gonna turn around. I'm optimistic things are gonna get better," Robert says. But back in San Diego, where California's unemployment rate is second-highest in the nation at a whopping 12 percent, Stacy's search for a new job is much harder. "How can the economy support all those people looking for jobs? It makes me feel like I have a lot more competition," Stacy says. It's a competition she can't afford to lose.

    read more , at next page The Coming Depression: "Mass Layoffs" In U.S. Up 3 Percent
     
    • Thank You! Thank You! x 1
  2. waltky
    Offline

    waltky Wise ol' monkey Supporting Member

    Joined:
    Feb 6, 2011
    Messages:
    20,873
    Thanks Received:
    1,791
    Trophy Points:
    215
    Location:
    Okolona, KY
    Ratings:
    +3,884
    BoA to layoff 30,000...
    :eek:
    More layoffs looming on Wall Street
    September 12, 2011: Wall Street should brace for an autumn of upward revisions among the big banks. Not for profits or revenue, but in the number of layoffs to come.
    See also:

    Bank of America cutting 30,000 jobs
    September 12, 2011: Bank of America said Monday that it plans to eliminate 30,000 jobs as part of a plan to save $5 billion.
     
  3. tra072011
    Offline

    tra072011 Rookie

    Joined:
    May 15, 2012
    Messages:
    1
    Thanks Received:
    0
    Trophy Points:
    1
    Ratings:
    +0
    Hi

    You can find this info by using search box in the top of website with some keywords related before posting questions.
     

Share This Page