BLS: Unemployment Rate Declines To 7.9%, Employment Rises By 661,000 In September
We’re already back down to a 7-handle on the unemployment rate?
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The Explosion Of Bankruptcies & Layoffs In The US Is Unlike Anything We’ve Ever Seen Before
The US economy was supposed to be turning a corner by now, but instead it looks like we are headed for an exceedingly painful winter…
Continue readingAmerican Airlines To Shrink Workforce By 40,000, Including 19,000 Involuntary Cuts If Federal Govt Doesn’t Pony-Up More Free Bail-Out Money
American Airlines needs to hear the roar of the money-dropping helicopters overhead in order to not make the cuts…
Continue readingElectric Vehicles: GM To Lay Off 800 Workers In Detroit To Retool Factory For Electric Vehicle Production
This will be the impact of Electric Vehicles on the labor market…
Continue readingMore Global Economic Woes: Jaguar Land Rover To Axe Thousands Of Jobs As Auto Demand Drops
Falling auto sales in China an Europe are taking their toll. Here’s the latest car company to announce major layoffs amidst the global slowdown…
Continue readingTwo-Thirds Of Americans Think They’re Middle Class, But Millions Of Them Are DEAD WRONG
The middle class has been steadily shrinking, but most Americans still believe that they are a part of it. Millions of them are dead wrong. Here’s why…
Continue readingDeutsche Bank Says It’s Firing 10% Of Its Global Workers (A Month After Firing 10% Of U.S. Workers)
DB just announced it’s cutting 10% of its workforce, but there’s an even more serious problem that could develop just tomorrow. Here’s the details…
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