Planned layoffs surge in July, report says

NNN0LHI

(1000+ posts) Send PM | Profile | Ignore

Tue Aug-05-03 06:10 PM
Original message

Planned layoffs surge in July, report says

http://www.usatoday.com/money/economy/employment/2003-08-05-challenger_x.htm

NEW YORK (Reuters) — The number of job cuts announced by U.S. employers surged 43% in July after a two-month decline, a report said Tuesday, suggesting a rebound in the job market may not happen until the end of the year.

Planned layoffs at U.S. firms shot up to 85,117 in July from 59,715 in June, job placement firm Challenger Gray & Christmas said. Job cuts so far in 2003 total 715,649, only 12% lower than in the same period last year.

The report said job hunters can expect an average of 20 weeks to find a job that may not match their last salary.

more

Printer Friendly | Permalink | | Top

Vitruvius

(1000+ posts) Send PM | Profile | Ignore

Tue Aug-05-03 06:29 PM
Response to Original message

1. There's no reason for any "rebound by the end of the year" --

we've been hearing that tune since the Bu$h-Greenspan recession started in the spring of 2001. No "rebound by the end of 2001" or "by the end of 2002"; now the crack(ed) Bu$h economic team is going for "0 for 3".

"Prosperity is just around the corner"? Where have I heard that before?

Printer Friendly | Permalink | | Top

AndyTiedye

(1000+ posts) Send PM | Profile | Ignore

Wed Aug-06-03 12:48 AM
Response to Reply #1

2. The Economy Will Recover When a Democrat is in the White House, not Before

Bush = Recession

Printer Friendly | Permalink | | Top

dfong63

(1000+ posts) Send PM | Profile | Ignore

Wed Aug-06-03 01:16 AM
Response to Original message

3. the economic news alone is reason enough for impeachment

deficit over $600 billion?? true unemployment over 10%??? record job losses?? outsourcing continues to suck the life out of the US economy. meanwhile the idiot in chief calls for more tax cuts. HELP!!!

Printer Friendly | Permalink | | Top

jamesinca

(1000+ posts) Send PM | Profile | Ignore

Wed Aug-06-03 03:00 AM
Response to Reply #3

4. Page 184 of the USA Patriot act says we can jail Bush

Edited on Wed Aug-06-03 03:16 AM by jamesinca

It states on that page that anything that is a threat or harm to the infrastructure of the U.S. including the economy is a jailable offense. I think we should read him the riot, excuse me the Patriot act. Actually it is on page 131. H.R. 3162-131 Economy is defined as part of the viatl infrastructure of the US in that part of the Patriot act.

Printer Friendly | Permalink | | Top

dArKeR

(1000+ posts) Send PM | Profile | Ignore

Wed Aug-06-03 03:16 AM
Response to Original message

5. The GOP Media and GOP Corrupt Corps. support Bush the people don't.

Edited on Wed Aug-06-03 03:20 AM by dArKeR

So that's why the poll numbers show what they do.

Isn't it amazing what GOP Mind Control Media can do to 8 years of prosperity and world harmony to become supporting an economic depression and world murder/chaos!

Printer Friendly | Permalink | | Top

DU AdBot (1000+ posts)

Mon May 13th 2024, 02:45 AM
Response to Original message

Advertisements [?]

Top

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators

Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.