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I don't know if it's just in Texas, but the job market is good out here. I quit my job about 3 weeks ago, and I applied ONLY online the first week, and had 5 calls, 4 out of those 5 I was offered a job.
The number of people out of work in the UK soared in the three months to August by 164,000 compared to the previous quarter, the biggest rise for 17 years.
The rise took the jobless total to 1.79 million and the rate to 5.7%, up from 5.2% in the previous quarter.
General Motors sank to a third-quarter loss of $2.5bn and warned that its liquidity is approaching the minimum level necessary to operate its business...
...GM, together with its smaller Detroit rivals, Ford Motor and Chrysler, is seeking emergency financial support from the US government.
Europe's second-largest steel company Corus has announced plans for a 30% cut in production over the next six months due to weakening demand in Europe.
The company, which is owned by India's Tata Steel, will close three blast furnaces in Britain and in the Netherlands for six months.
On Thursday, 400 jobs were cut in its distribution business, which employs 2,400 in the UK and Ireland.
There has been a sharp rise in the number of people and companies being declared insolvent in England and Wales, government figures show.
Individual insolvencies went up by 8.8% in the third quarter of the year to reach 27,087.
Corporate liquidations also went up by 10.5% in the same period, to 4,001...
...The number of firms being liquidated is now up by 26.3% on a year ago.
"The dramatic increase in corporate insolvencies in Q3 2008 continues a trend that we believe will accelerate well into 2009 as companies are hit by the dual blows of a continuing credit squeeze and depressed demand," warned the accountancy firm Ernst & Young.
Many more corporate liquidations appear to be in the pipeline.
The number of receiverships, administrations and company voluntary arrangements, which are normally an attempt to rescue an insolvent business rather than shut it down, rose to 1,444.
That was 65% higher than a year ago, the government's Insolvency Service said.
Even airlines generally regarded as healthy and well-financed are having to cut back. On Thursday, Easyjet said it was shedding up to 60 management and administration jobs at its Luton headquarters.
But for those carriers genuinely in difficulties, there is little but grey skies ahead.
"I think there will be more failures, sadly, in the months to come," JLS Consulting's Mr Strickland told the BBC. "We have a number of weaker players in a highly competitive market."
Half-year profits at British Airways have fallen 91.6%, with the airline blaming "incredibly difficult trading conditions" for the plunge.
BA said pre-tax profit totalled £52m ($81.6m) between April and September, down from £616m a year earlier.
Willie Walsh, BA's chief executive, said the period would "be remembered as one of the bleakest on record".
...News of the cost cuts sent BT shares 7.5% higher...
Economists say unemployment could top two million within months...
The number of manufacturing jobs fell to 2.86 million, the lowest figure since records began in 1978.
TUC general secretary Brendan Barber said: "The signs are that redundancies are coming even faster since these figures were collected. Countering unemployment must be public policy priority number one."