Notice the bolded paragraph: The corporate sows aren't worried about the unemployed person having to keep warm this winter, or pay medical bills or put food on the table. They're worried about their precious holiday sales. Time to move to a socialist country.
--------------------------------------------------------------
NEW YORK (CNN/Money) - Hit by rising health care and energy costs, employers announced more than 100,000 job cuts in November, capping the first three-month stretch above that level since early 2002, an outplacement firm said Tuesday.
Challenger, Gray & Christmas Inc. said companies announced 104,530 job cuts in November, up 5.1 percent from a year earlier and 2.6 percent from October.
The September through November totals mark the first time that announced job cuts have topped 100,000 for three or more straight months since January to April of 2002, the firm said.
Challenger said the economy's biggest worry is that a "large number of lower-middle class and middle-class Americans struggling to make it paycheck-to-paycheck will be short of discretionary income during the holiday shopping season."
http://money.cnn.com/2004/12/07/news/economy/jobless_challenger/index.htm
Printer-friendly format
Email this thread to a friend
Bookmark this thread
(1000+ posts)
Send PM |
Profile |
Ignore
