Thread: Latest job cut headlines from DailyJobCuts.com - Closing's / Layoff's / Bankruptcy

May Announced Layoff Total (Est.) - 3,612

May 5 , 2014
Update: Grede Foundry in Berlin Wis. - 77

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May 4 , 2014
U.S. Steel Corp Pittsburgh - Some Layoffs, No #
Future Publishing - Some Layoffs

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May 3 , 2014
Lone Star Circle of Care - 65
Genesis Health System - 80
Northern Kentucky University - up to 20
Consol at Bachanan Mine - 189
ClearEdge Power - Layoffs / Bankruptcy Possible

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May 2 , 2014
Convergys Watertown Call Center - 200 Layoffs Poss.
Wake Forest Baptist Medical Center NC - 350
Cincinnati Enquirer - 12+
Barton Hospital - Voluntary Staff Reductions
Keurig Green Mountain VT - 12
City of Tulsa Oklahoma - Proposed 27 Layoffs
Fab - More Layoffs Coming?
CNN - Cuts / Reassigns 50 Employees

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May 1 , 2014
Leidos At MacDill Air Force Base - 93 Poss. Layoffs
Some Gannett stations - Small # of Layoffs Reported
Ashland Inc - 800
Reno City - Vote to Layoff 35 Firefighters
Express Scripts - 1,890 Layoffs, Closing 2 Facilities

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April 30 , 2014
Pontiac schools MI? - 60+ Layoffs?
Infosys Milwaukee Office - 31
Kern Medical Center - Layoffs Coming?
IPRO - 35 to 40 Layoffs
Queen of the Valley Medical Center - Layoffs Poss.

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April 29 , 2014
TMK IPSCO plant in Camanche - Cutting Hours
Georgetown College KY - Some Layoffs, No #
General Dynamics in Ladson - 170

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April 28 , 2014
Siemens ( International ) - Thousands of Job Cuts?

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April 27 , 2014
Media General - 45
Update: St. Joseph's Hospital in Syracuse

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April 26 , 2014
Marquis Yachts in Pulaski - Temporary Layoffs
Kraft Foods - 285 Across 10 Sites
El Paso Independent SD Texas - 172 Positions
School District of Philadelphia PA - More Layoffs?

May Announced Closing Total (Est.) - 143

May 5 , 2014

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May 4 , 2014
Update: Kmart store in Lapeer MI
Drowsy Parrot Saline MI?
Bargar Jewelry at 35 N. Sandusky St. Ohio

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May 3 , 2014
Oakbrook Homes, 30677 Old U.S. 20 Elkhart IN
Rockford School District - up to 9 School Closings Possible
Grant's Auto Glass Co. in Chattanooga TN
Hiatt Printing Indiana
Colonial Country Club off Old Canton Road in Northeast Jackson Mississippi Max Cleaners in Fairfax County
Key Bank closed its Gardiner branch

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May 2 , 2014
Caraco Pharmaceutical Laboratories to Close its Detroit Manufacturing Plant - 178 Layoffs
MetLife to close its Freeport location
Jackpot Records Closing SW 9th Ave. in Portland OR.
Schnuck Markets Inc. Closing 2 Stores - 1715 Rural St. and 2514 S. Alpine Road. Rockford
Land O'Lakes Inc Closing its Cheese Plant in Denmark, in Brown County
Active Sports Complex in St. Albans W.Va

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May 1 , 2014
OfficeMax closing call center, at 2601 Technology Way in Norman OK - 125 Jobs Lost
GameSpy Technology Closing Down May 31
Update: Aeropostale Inc Closing 125 Stores - Removing Kids Clothes from Malls
Etc, Etc. in Southside Mall NY?
Hatch Furniture plans to close its downtown Sioux City store at 413 Pierce St
Aeropostale Inc - Closing 125 Mall Based P.S. Stores - 100 Corporate Layoffs
7 Deuce Sports fitness facility in Medford NJ
Doc's Bar Tybee Island GA

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April 30 , 2014
Yakima unemployment tax call center in Yakima Wash.
Kincaid Furniture Co. Inc to Close Plant in Hudson - 100 Jobs Lost
Hy-Vee said it plans to close its store at 122nd Street and State Line Road in Leawood Kansas Update: U.S. Bank is closing 13 Chicago-area branches
MK Outdoors in Georgetown KY - Closing Due to Burglaries
Irwin Tools Closing Greenfield Ind. Warehouse
InVentiv Medical Management in Augusta GA
The Party Store, located at 130 Water St. in Torrington
101 Cantina in downtown Boca Raton FL

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April 29 , 2014
Caterpillar Fountain Inn SC Facility - 510 Layoffs
Mo's on Main, 1230 E. Main St Annville PA
Bristol Fabrication unit of Synalloy Fabrication, LLC
Stella Blues Cafe in Maui HI
Toyota is closing its Erlanger headquarters N. KY - 1,600 Jobs Lost/Affected
Snackville Junction in Evergreen Park
Betsy’s Hallmark Store inside the Ponce de Leon Mall
Venue Theatre 9125 U.S. 19 N. in Pinellas Park FL

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April 28 , 2014
Juicy Couture is closing its Pentagon City Mall location Va.
Update: Anderson’s Clothing in Glenwood Springs CO
Fruit-Land Market in Tucson AZ

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April 27 , 2014
Update: Sutherland's Jewelry in Great Falls MT
Toy Solider on West Church St in Fairport NY
Other Tiger bookstore in Westerly RI
Wet Seal will begin winding down its Arden B stores Closing 31 by end of Fiscal 2015
Silver City Daily Press N.M.
Lemstone Parable Christian Store in Columbia MO
Update: Pasadena Guitars in CA

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April 26 , 2014
Beast Bar on Vanderbilt Ave. NY
JCPenney in Laurel Mall Closing Soon
Dean Foods says it's closing is Meadow Gold milk-processing plant in Delta Colo.

May 5 , 2014


May 4 , 2014


May 3 , 2014

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May 2 , 2014
ClearEdge Power Inc.

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May 1 , 2014

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April 30 , 2014

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April 29 , 2014
Le-Lu Ornamental Iron Shop Inc.

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April 28 , 2014
Energy Future Holdings Corp.

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April 27 , 2014

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April 26 , 2014

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http://www.dailyjobcuts.com/

Drop in unemployment rate is not what it seems


By: Donald Lambro
5/7/2014 10:30 AM

Liberal pundits are gushing over last week’s job report, hoping it will give President Obama and his party the political boost they need to avoid another devastating defeat in the midterm elections.
After nearly five and a half years of a job-challenged, sluggish economy that all but stopped growing in the last three months, they’re hailing the Labor Department report as the long-awaited antidote to the Democrats’ deepening political troubles.
“If they aren’t exactly popping champagne corks over at the White House, at the very least there’s surely a sigh of relief, and a renewed hope” that Democrats might head into November with a better narrative about the economy, writes Washington Post blogger Paul Waldman.
“For Democrats desperately in search of a way to change the national political environment in advance of the November election, the surprisingly strong April jobs report represents a ray of light,” cheers the Post’s election tracker Chris Cillizza.
Then there’s this analysis from the Post’s chief political reporter, Dan Balz:
“Friday’s jobs report from the Bureau of Labor Statistics suggested that the economy roared into a different gear last month, adding 288,888 jobs.”
The Obama economy “roaring”? Even a cursory review of the job numbers revealed that beneath the statistics, this report showed fewer people were working, not more. This is an economy struggling on many levels, one that Fed Chairman Janet Yellen says is still stuck in a recovery and will likely remain so for the next year or more.
Balz’s analysis, which ran under the headline, “Will the jobs report give Democrats a political boost?”, said the number of jobs created last month was “the best single month of job growth since January 2012.”
“The unemployment rate plunged, from 6.7 percent to 6.3 percent,” he said, adding that the jobless rate is “now 1.2 percent lower than it was a year ago and the lowest since September 2008 …”
But the number of jobs created last month came with a lot of caveats. It was nowhere near the 350,000 full-time jobs per month the economy needs to bring unemployment down to normal levels anytime soon, economists say.
We are in the sixth year of one of the longest recovery periods ever — when the average length of all post-war recessions has been about two years. And don’t think the voters haven’t noticed this.
In the Reagan years, we came roaring out of the 1981-’82 recession with monthly job numbers in the 350,000 to 400,000 range and higher.
In September 1983 alone, the economy produced more than 1 million jobs. The jobs the Obama economy’s been racking up are nowhere near those levels.
Yes, the unemployment rate has fallen, but the number of new jobs created had absolutely nothing to do with that — as Balz acknowledges in the 10th paragraph of his story. The jobless rate fell only because more than 800,000 Americans dropped out of the labor force, he noted, and thus are no longer counted among the unemployed.
The Post seems to have trouble with this fact in some of the stories it’s run since last Friday. “The jobless rate plunged (to) its lowest level since 2008 — though part of that was due to workers leaving the labor force,” the newspaper said in its business pages Sunday.
No, not “part of that,” all of that.
Former Obama administration economic adviser Jared Bernstein tells us that April’s “decline in unemployment is entirely due not to job creation, but to labor force decline,” adding that “employment actually fell slightly” in BLS’ household survey.
Economist Dean Baker, co-founder of the liberal-leaning Center for Economic and Policy Research, agrees. The drop in unemployment “was entirely the result of 806,000 people leaving the labor force. Employment, as measured in the household survey, actually fell by 73,000,” Baker writes.
,There were 484,000 fewer workers younger than 25 in the April job numbers, and more than 800,000 fewer total workers, the Post’s economics writer Ylan Q. Mui reported Saturday.
The labor force participation rate for younger workers between the ages of 16 to 19 is at “its second-lowest level ever,” Mui reported.
To suggest, or even intimate, that one month’s numbers, which came with a sea of negative data, was going to be a political game-changer is the height of wishful thinking.
The stock market responded to the jobs report with a big yawn, with the Dow dropping 46 points Friday. It’s been on a downward slide ever since. The “job gains failed to impress investors,” The Associated Press said.
Little news media notice was given to the kind of jobs being created last month and the relatively tiny numbers in each of the sectors. The construction industry added only 32,000 jobs, while the professional and business services sector added 75,000 net jobs in a nation of more than 150 million workers.
Retailers, bars and restaurants each added more than 30,000 jobs, but these are among the lowest-paid sectors in the economy, many involving only part-time work, and certainly not a sign of good-paying job growth that in any way suggests the economy is turning around.
Seasoned labor force experts were not at all impressed by the job numbers and bluntly said so.
“I would say that this big drop in the unemployment rate is not consistent with a really robust labor market because that labor force participation rate did not rise, and the employment-to-population ratio is shockingly low,” said Tara Sinclair, a professor of economics at George Washington University.
The White House thinks that if it can get the news media to report that the economy is growing stronger, the voters will begin to believe it.
Tell that to the millions of long-term unemployed people who’ve stopped looking for work because they can’t find a full-time job. They know better.

Video at the Page Link:


http://www.humanevents.com/2014/05/0...what-it-seems/