Mass Layoffs, Robots, Paints Dismal U.S. Jobs Siutation

Economics / Employment
Aug 05, 2011 - 12:11 PM
By: Mike_Shedlock

A good jobs report on Friday (if we get one) is now meaningless. Looking ahead, the jobs situation is bleak globally, not just in the US. Here is supporting evidence for my statement.

Planned Layoffs Surge In July

Challenger says Planned Layoffs Surge In July http://tambapress.com/planned-layoffs-s ... hallenger/

August 3, 2011: For the past three months, American companies have been cutting their workforce in increasing numbers, according to a new report from Challenger, Gray & Christmas, an outplacement consultancy group in Chicago. In July, the number of planned job cuts surged to a 16-month high of 66,414 — a 60 percent increase from June. “We’re beginning to see patterns that are disconcerting, and the really troubling part is this: Nothing is happening in the economy which is going to boost job growth,â€