Here's some job loss figures to choke on
if this doesn't make you snort coffee out your nose, i don't know what will...
and here's the most deeply ironic part of this horrible news that they have the absolute gall to label a "bright spot"...
do ya s'pose that just MIGHT be due to the trillions of dollars being thrown at the financial services industry by us, the poor bastards whose pockets it's coming out of...?
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Job cut announcements by U.S. employers soared to 241,749 in January, up 45% from December's 166,348 cuts, according to Challenger. That was the highest number of job cuts since January 2002.
Layoffs rose 222% - more than triple - from January 2008, when 74,986 job cuts were announced.
and here's the most deeply ironic part of this horrible news that they have the absolute gall to label a "bright spot"...
"If there is any bright spot in the latest job-cut data, it is the fact that financial firms announced only 1,458 job cuts in January. That is the lowest one-month total for that industry since 2005," said [John Challenger, chief executive officer of Challenger, Gray & Christmas].
do ya s'pose that just MIGHT be due to the trillions of dollars being thrown at the financial services industry by us, the poor bastards whose pockets it's coming out of...?
Labels: bailout, financial services industry, job cuts, unemployment
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posted by profmarcus at
2/04/2009
