Layoffs Rise 68 Percent In April!

Layoffs Rise 68 Percent In April!

rawstory.com

NEW YORK (May 1) - U.S. companies' planned layoffs jumped 68 percent in April from the prior month to the highest since September 2006, pointing to further deterioration in the labor market, a report showed on Thursday.

Planned job cuts in U.S. companies totaled 90,015 last month, up from 53,579 in March and up 27 percent from a year earlier, employment consulting firm Challenger, Gray & Christmas Inc. reported.

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Hey! Fret Not! Your "stimulus checks" are on the way, and they will solve all your probs!

Remember, we're just in a little "slowdown" according to our Decider...Nothing to worry about. No recession, no depression, everything's fine...Move on people, nothing to see here. Just a measely million jobless and homeless families.

Employers have announced 290,671 jobs to be eliminated in the first four months of 2008, up 9 percent from the 266,658 cuts recorded during the same span in 2007, the firm said.

Going forward, the fallout from record oil prices may result in more layoffs than the housing slump, John A. Challenger, chief executive officer of Challenger, Gray & Christmas.

"The impact of high gasoline prices is rippling through the economy much faster than the housing collapse ever did or will," Challenger said in a statement.

rawstory.com
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Originally posted by DimensionalDetective
Remember, we're just in a little "slowdown" according to our Decider...Nothing to worry about. No recession, no depression, everything's fine...Move on people, nothing to see here. Just a measely million jobless and homeless families.

My employer gave us the most optimistic speech ever devised by man and assured us that as far as they could tell, there is no recession either. Meanwhile, on the shop floor, we have had absolutely no work for weeks!

I cannot believe the level of disbelief there is amongst people, as if they just ignore it, then it will not be true.

Lets face it, this country has serious economic problems now.

Layoffs here too.
No replacements, not even even with part timers, or lower paid entry level folks.

This puts extra work of the people that are still here. So in turn, many of them are leaving. We're losing 5 more tomorrow.May 2nd..These 5 are resignations, not layoffs. They are just tired of the work getting piled on, with no money for raises..It's more work for the same peanuts.

We did offload a little bit of our work to India, It's electronic artwork..So FTP servers, and e-mail is all we needed to set up here.

We haven't had anything that resembles a pep-talk yet. Just denial..