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LAYOFFS SURGE 66% IN MAY OVER LAST YEAR!!! ADP 133K , Exp.150K!!! Chicago PMI Plunges From To 52.7, Lowest Print Since September Of 2009!!!

 
Luisport

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05/31/2012 07:41 AM

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LAYOFFS SURGE 66% IN MAY OVER LAST YEAR!!! ADP 133K , Exp.150K!!! Chicago PMI Plunges From To 52.7, Lowest Print Since September Of 2009!!!
LAYOFFS SURGE 66% IN MAY OVER LAST YEAR

ORIGINAL POST: The most jam-packed period of economic data reports that we can ever remember begins momentarily.

At 7:30 we get the Challenger Job Cuts report, which measures announced layoffs on a year-over-year basis.

There's no analyst estimate, but last month there was an 11.2% increase.

We'll have the number right here.

UPDATE:

Layoffs surged 66% in May according to Challenger, via Bloomberg.

The 61,887 announced cuts was the biggest rise in 8 months, according to Bloomberg's Linda Yueh.

Total announced layoffs were

More to come...


Read more: [link to www.businessinsider.com]

Last Edited by Luisport on 05/31/2012 09:50 AM
Luisport (OP)

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05/31/2012 07:44 AM

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Re: LAYOFFS SURGE 66% IN MAY OVER LAST YEAR!!! ADP 133K , Exp.150K!!! Chicago PMI Plunges From To 52.7, Lowest Print Since September Of 2009!!!
Thank's!hf
Luisport (OP)

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05/31/2012 07:48 AM

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Re: LAYOFFS SURGE 66% IN MAY OVER LAST YEAR!!! ADP 133K , Exp.150K!!! Chicago PMI Plunges From To 52.7, Lowest Print Since September Of 2009!!!
zerohedge‏@zerohedge

Challenger Y/Y job cuts: +61.9K, vs +40.6K last. Biggest jump in 8 months
eddy

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05/31/2012 07:53 AM
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Re: LAYOFFS SURGE 66% IN MAY OVER LAST YEAR!!! ADP 133K , Exp.150K!!! Chicago PMI Plunges From To 52.7, Lowest Print Since September Of 2009!!!
not so good. thanks for posting
Anonymous Coward
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05/31/2012 07:54 AM
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Re: LAYOFFS SURGE 66% IN MAY OVER LAST YEAR!!! ADP 133K , Exp.150K!!! Chicago PMI Plunges From To 52.7, Lowest Print Since September Of 2009!!!
LAYOFFS SURGE 66% IN MAY OVER LAST YEAR

ORIGINAL POST: The most jam-packed period of economic data reports that we can ever remember begins momentarily.

At 7:30 we get the Challenger Job Cuts report, which measures announced layoffs on a year-over-year basis.

There's no analyst estimate, but last month there was an 11.2% increase.

We'll have the number right here.

UPDATE:

Layoffs surged 66% in May according to Challenger, via Bloomberg.

The 61,887 announced cuts was the biggest rise in 8 months, according to Bloomberg's Linda Yueh.

Total announced layoffs were

More to come...


Read more: [link to www.businessinsider.com]
 Quoting: Luisport


Well....... Its bush's fault
Luisport (OP)

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05/31/2012 07:57 AM

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Re: LAYOFFS SURGE 66% IN MAY OVER LAST YEAR!!! ADP 133K , Exp.150K!!! Chicago PMI Plunges From To 52.7, Lowest Print Since September Of 2009!!!
Next up in the Economic Super Bowl: THE ADP JOBS REPORT!

This is the #1 preview ahead of tomorrow's Non-Farm Payrolls Report.

The key difference is that ADP measures only private payrolls, and doesn't capture public sector layoffs.

Analysts expect to see 150K net new jobs, up from 119K last month.

While the ADP and NFP numbers don't always align perfectly month to month, the direction of them tends to be pretty similar over time.

We'll have the number here at 8:15 AM ET.


Read more: [link to www.businessinsider.com]
OVRANALYZE

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05/31/2012 08:02 AM

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Re: LAYOFFS SURGE 66% IN MAY OVER LAST YEAR!!! ADP 133K , Exp.150K!!! Chicago PMI Plunges From To 52.7, Lowest Print Since September Of 2009!!!
MSM will spin it or just ignore it.
Anonymous Coward
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05/31/2012 08:09 AM
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Re: LAYOFFS SURGE 66% IN MAY OVER LAST YEAR!!! ADP 133K , Exp.150K!!! Chicago PMI Plunges From To 52.7, Lowest Print Since September Of 2009!!!
MSM will spin it or just ignore it.
 Quoting: OVRANALYZE


Probly ignore it. If they have to report it they will make an excuse.
Luisport (OP)

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05/31/2012 08:21 AM

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Re: LAYOFFS SURGE 66% IN MAY OVER LAST YEAR!!! ADP 133K , Exp.150K!!! Chicago PMI Plunges From To 52.7, Lowest Print Since September Of 2009!!!
zerohedge‏@zerohedge

ADP continues to ignore the biggest part of the US labor force: the 22MM in government workers [link to DON'T_USE-THIS]

4 min zerohedge‏@zerohedge

Again: NFP better come at -1MM tomorrow or else

4 min zerohedge‏@zerohedge

ADP 133K , Exp.150K
eddy

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05/31/2012 08:22 AM
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Re: LAYOFFS SURGE 66% IN MAY OVER LAST YEAR!!! ADP 133K , Exp.150K!!! Chicago PMI Plunges From To 52.7, Lowest Print Since September Of 2009!!!
[link to www.adpemploymentreport.com]
Justalittlebad

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05/31/2012 08:22 AM
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Re: LAYOFFS SURGE 66% IN MAY OVER LAST YEAR!!! ADP 133K , Exp.150K!!! Chicago PMI Plunges From To 52.7, Lowest Print Since September Of 2009!!!
Futures still green...WTF?
Justalittlebad/more or less
Luisport (OP)

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05/31/2012 08:23 AM

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Re: LAYOFFS SURGE 66% IN MAY OVER LAST YEAR!!! ADP 133K , Exp.150K!!! Chicago PMI Plunges From To 52.7, Lowest Print Since September Of 2009!!!
zerohedge‏@zerohedge

ADP manufacturing jobs: -2,000
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05/31/2012 08:24 AM
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Re: LAYOFFS SURGE 66% IN MAY OVER LAST YEAR!!! ADP 133K , Exp.150K!!! Chicago PMI Plunges From To 52.7, Lowest Print Since September Of 2009!!!
Yayyyyyyyyyyyy Obama!
Hope and change!
Luisport (OP)

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05/31/2012 08:29 AM

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Re: LAYOFFS SURGE 66% IN MAY OVER LAST YEAR!!! ADP 133K , Exp.150K!!! Chicago PMI Plunges From To 52.7, Lowest Print Since September Of 2009!!!
zerohedge‏@zerohedge

ADP Private Payrolls Print At 133K, Miss Expectations; Manufacturing Jobs Drop Two Months In A Row [link to DON'T_USE_THIS.com]
Luisport (OP)

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05/31/2012 08:33 AM

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Re: LAYOFFS SURGE 66% IN MAY OVER LAST YEAR!!! ADP 133K , Exp.150K!!! Chicago PMI Plunges From To 52.7, Lowest Print Since September Of 2009!!!
zerohedge‏@zerohedge

GDP 2nd revision 1.9%, Exp. 19%; Initial Claims 383K, Exp 370K
Burt Gummer

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05/31/2012 08:36 AM

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Re: LAYOFFS SURGE 66% IN MAY OVER LAST YEAR!!! ADP 133K , Exp.150K!!! Chicago PMI Plunges From To 52.7, Lowest Print Since September Of 2009!!!
LAYOFFS SURGE 66% IN MAY OVER LAST YEAR

....

 Quoting: Luisport


Auto Jobs: Sign of the Times


"At the Hyundai plant in Montgomery, Alabama more than 20,000 people have applied for one of the 877 job openings."

[link to www.cnbc.com]


recov depress

Last Edited by Useless Cookie Eater on 05/31/2012 08:37 AM
Luisport (OP)

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05/31/2012 08:40 AM

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Re: LAYOFFS SURGE 66% IN MAY OVER LAST YEAR!!! ADP 133K , Exp.150K!!! Chicago PMI Plunges From To 52.7, Lowest Print Since September Of 2009!!!
zerohedge‏@zerohedge

First Q1 GDP Revision In Line With Expectations; Initial Claims Spike
[link to www.zerohedge.com] And so the preparation for a disappointing NFP print continues. While the first revision to Q1 GDP came precisely in line with expectations of a 1.9% print, below the first GDP print of 2.2% (which was expected to print at 2.5% on April 27), it is largely irrelevant as it is backward looking. Instead, what matters is today's ADP miss, and the just released initial claims number which as we explained minutes ago has to come in bad to prepare us for a horrible NFP number tomorrow which in turn unleashed the NEW QE, $130 gas, and all those other things which made Einstein define insanity. Sure enough, initial claims printed at 383K, up from the upward revised 373K (370K before), which is a 13K miss of expectations. Continuing claims came at 3242K on expectations of 3250K, and down from an upward revised 3278K. What is odd is that in the week ended May 12 we did not see another weekly plunge in the 60-70K ballpark of those dropping off from EUCs and Extended claims, and instead the number was a tiny positive. Expect the sell-side brigade to cut its NFP forecasts in advance of tomorrow's number even more.
Anonymous Coward
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05/31/2012 08:42 AM
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Re: LAYOFFS SURGE 66% IN MAY OVER LAST YEAR!!! ADP 133K , Exp.150K!!! Chicago PMI Plunges From To 52.7, Lowest Print Since September Of 2009!!!
LAYOFFS SURGE 66% IN MAY OVER LAST YEAR

....

 Quoting: Luisport


Auto Jobs: Sign of the Times


"At the Hyundai plant in Montgomery, Alabama more than 20,000 people have applied for one of the 877 job openings."

[link to www.cnbc.com]


:recov: :depress:
 Quoting: Burt Gummer


Burt, 20k did not apply for a single position, but rather 20k applied to receive any one of the 877 open positions.

Obviously that doesn't make it any better. It's sad that this is happening in America. However, there is a possibility that if the mess in Europe, China, and India continue AND the dollar continues to strengthen, AND if America can use what little time is left to get it's finances in order then perhaps more jobs will relocate back to America.

I'm not holding my breath but at least it might hold off further reductions.
Luisport (OP)

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05/31/2012 08:47 AM

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Re: LAYOFFS SURGE 66% IN MAY OVER LAST YEAR!!! ADP 133K , Exp.150K!!! Chicago PMI Plunges From To 52.7, Lowest Print Since September Of 2009!!!
zerohedge‏@zerohedge

Quality composition of GDP just got worse, with PCE revised from 2.04% to 1.90% [link to DON'T_USE-THIS]
12.21.12

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05/31/2012 08:48 AM
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Re: LAYOFFS SURGE 66% IN MAY OVER LAST YEAR!!! ADP 133K , Exp.150K!!! Chicago PMI Plunges From To 52.7, Lowest Print Since September Of 2009!!!
5stars
Anonymous Coward
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05/31/2012 08:49 AM
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Re: LAYOFFS SURGE 66% IN MAY OVER LAST YEAR!!! ADP 133K , Exp.150K!!! Chicago PMI Plunges From To 52.7, Lowest Print Since September Of 2009!!!
Futures still green...WTF?
 Quoting: Justalittlebad


stocks go up when u lay off 20-30% of the work force....
Burt Gummer

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05/31/2012 08:50 AM

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Re: LAYOFFS SURGE 66% IN MAY OVER LAST YEAR!!! ADP 133K , Exp.150K!!! Chicago PMI Plunges From To 52.7, Lowest Print Since September Of 2009!!!
LAYOFFS SURGE 66% IN MAY OVER LAST YEAR

....

 Quoting: Luisport


Auto Jobs: Sign of the Times


"At the Hyundai plant in Montgomery, Alabama more than 20,000 people have applied for one of the 877 job openings."

[link to www.cnbc.com]


recov depress
 Quoting: Burt Gummer


Burt, 20k did not apply for a single position, but rather 20k applied to receive any one of the 877 open positions.

Obviously that doesn't make it any better. It's sad that this is happening in America. However, there is a possibility that if the mess in Europe, China, and India continue AND the dollar continues to strengthen, AND if America can use what little time is left to get it's finances in order then perhaps more jobs will relocate back to America.

I'm not holding my breath but at least it might hold off further reductions.
 Quoting: Anonymous Coward 713727


That is NOT what it reads. naughty

"At the Hyundai plant in Montgomery, Alabama more than 20,000 people have applied for one of the 877 job openings."


That reads 20K for ONE of 877.

carterwst

Last Edited by Useless Cookie Eater on 05/31/2012 08:52 AM
Luisport (OP)

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05/31/2012 08:59 AM

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Re: LAYOFFS SURGE 66% IN MAY OVER LAST YEAR!!! ADP 133K , Exp.150K!!! Chicago PMI Plunges From To 52.7, Lowest Print Since September Of 2009!!!
zerohedge‏@zerohedge

10Y Treasury Under 1.6% - Record Low Yields Continue
Justalittlebad

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Re: LAYOFFS SURGE 66% IN MAY OVER LAST YEAR!!! ADP 133K , Exp.150K!!! Chicago PMI Plunges From To 52.7, Lowest Print Since September Of 2009!!!
Futures still green...WTF?
 Quoting: Justalittlebad


stocks go up when u lay off 20-30% of the work force....
 Quoting: Anonymous Coward 2926765


Ah. Got it. Thanks.
Justalittlebad/more or less
Anonymous Coward
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05/31/2012 09:16 AM
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Re: LAYOFFS SURGE 66% IN MAY OVER LAST YEAR!!! ADP 133K , Exp.150K!!! Chicago PMI Plunges From To 52.7, Lowest Print Since September Of 2009!!!
LAYOFFS SURGE 66% IN MAY OVER LAST YEAR

ORIGINAL POST: The most jam-packed period of economic data reports that we can ever remember begins momentarily.

At 7:30 we get the Challenger Job Cuts report, which measures announced layoffs on a year-over-year basis.

There's no analyst estimate, but last month there was an 11.2% increase.

We'll have the number right here.

UPDATE:

Layoffs surged 66% in May according to Challenger, via Bloomberg.

The 61,887 announced cuts was the biggest rise in 8 months, according to Bloomberg's Linda Yueh.

Total announced layoffs were

More to come...


Read more: [link to www.businessinsider.com]
 Quoting: Luisport


Well....... Its bush's fault
 Quoting: sonic doom

at present, america is a major industrial base, europe, is more complex, for instance , when i go to any store 'here' not much 'nothing'is made in europe, quality assured.it is imports and business leaving to do business elsewhere, that, is doing the damage,.eg; the only thing made in greece was bic single blade razors.:) too many ipods, ipads, computers, tv,s, cars, shoes, on every feet. no work. simple, it is our own fault, and move on. blame yourselves, your governments do not tell you what you can, and cant buy, at the shelf. pick fruit, or grapes. the grass is greener on the other side of the road, for munger.bump
Anonymous Coward
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05/31/2012 09:18 AM
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Re: LAYOFFS SURGE 66% IN MAY OVER LAST YEAR!!! ADP 133K , Exp.150K!!! Chicago PMI Plunges From To 52.7, Lowest Print Since September Of 2009!!!
zerohedge‏@zerohedge

10Y Treasury Under 1.6% - Record Low Yields Continue
 Quoting: Luisport

OLIVES THATS ALL
Anonymous Coward
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Re: LAYOFFS SURGE 66% IN MAY OVER LAST YEAR!!! ADP 133K , Exp.150K!!! Chicago PMI Plunges From To 52.7, Lowest Print Since September Of 2009!!!
OUR ECONOMY IS GOING FROM STRENGTH TO STRENGTH, WE DO NOT FEEL THE IMPACT OF EURO GLITCH.
GO EASY IT WILL, GET BETTER, ONE DAY, IT MIGHT TAKE A GENERATION OF SACRIFICE, rockypaul
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05/31/2012 09:28 AM
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Re: LAYOFFS SURGE 66% IN MAY OVER LAST YEAR!!! ADP 133K , Exp.150K!!! Chicago PMI Plunges From To 52.7, Lowest Print Since September Of 2009!!!
LAYOFFS SURGE 66% IN MAY OVER LAST YEAR

ORIGINAL POST: The most jam-packed period of economic data reports that we can ever remember begins momentarily.

At 7:30 we get the Challenger Job Cuts report, which measures announced layoffs on a year-over-year basis.

There's no analyst estimate, but last month there was an 11.2% increase.

We'll have the number right here.

UPDATE:

Layoffs surged 66% in May according to Challenger, via Bloomberg.

The 61,887 announced cuts was the biggest rise in 8 months, according to Bloomberg's Linda Yueh.

Total announced layoffs were

More to come...


Read more: [link to www.businessinsider.com]
 Quoting: Luisport


oh hell.......
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Re: LAYOFFS SURGE 66% IN MAY OVER LAST YEAR!!! ADP 133K , Exp.150K!!! Chicago PMI Plunges From To 52.7, Lowest Print Since September Of 2009!!!
All part of the plan
Luisport (OP)

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Re: LAYOFFS SURGE 66% IN MAY OVER LAST YEAR!!! ADP 133K , Exp.150K!!! Chicago PMI Plunges From To 52.7, Lowest Print Since September Of 2009!!!
zerohedge‏@zerohedge

52.7 Chicago PMI

2 min zerohedge‏@zerohedge

Chicago PMI apparently not good
Luisport (OP)

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Re: LAYOFFS SURGE 66% IN MAY OVER LAST YEAR!!! ADP 133K , Exp.150K!!! Chicago PMI Plunges From To 52.7, Lowest Print Since September Of 2009!!!
zerohedge‏@zerohedge

Chicago PMI response that says it all: "Slowing down."

1 min zerohedge‏@zerohedge

Chicago PMI Plunges From To 52.7, Lowest Print Since September Of 2009 [link to DON'T_USE_THIS.com]

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