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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 (OP)

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05/31/2012 09:51 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!!!
1 min zerohedge‏@zerohedge

"A decrease in order intake and backlog over the past three months has caused our first workforce reductions since the Carter years."
Anonymous Coward
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05/31/2012 10:12 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!!!
where's the shill by the name of zazz with the avatar of a guy with stinking underarm pits....i would think he would show up to debunk this ...
Anonymous Coward
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05/31/2012 10:14 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!!!
The wsj says the 10 year treasuries are at the lowest in 60 years at 1.672%

Since that article, they are 1.580%
Anonymous Coward
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05/31/2012 10:35 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:
 Quoting: Burt Gummer


putin
Luisport (OP)

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05/31/2012 11:26 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!!!
Bonds Now Beating Stocks Year-to-Date! Presented with little comment - except to note the increasingly tight relationship between the price of the long bond and the USD as we see 30Y Treasuries up 4.40% YTD vs ES +3.7% YTD [link to www.zerohedge.com]
Anonymous Coward
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05/31/2012 11:36 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!!!
The wsj says the 10 year treasuries are at the lowest in 60 years at 1.672%

Since that article, they are 1.580%
 Quoting: Anonymous Coward 16439963


1.53%
ExpertOfSound

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05/31/2012 11:41 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!!!
What does "66%" mean?

66% more than last year? Or 66% MORE laid off people?
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Luisport (OP)

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05/31/2012 11:47 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

Wesbury earning that CNBC contributor fee: "forget the Chicago PMI - the Milwaukee number is all that matters".
Anonymous Coward
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05/31/2012 11:55 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!!!
so with all this bad news and japan and china dumping dollar tomorrow and BRICS and no manufacturing and even service industry falling, how are stocks rebounding? what bullshit scheme and equation is making that happen. and these fake numbers is how devil worshippers are still driving around in their SUV's and living in 1 million dollar homes, without leaving their homes.
Anonymous Coward
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05/31/2012 11:57 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!!!
QUE the obama Bots

to screech RECOVERY

recovery

recovery

recovery

recovery

recovery

recovery

then claim its all bushes fault

then more recovery BS
Anonymous Coward
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05/31/2012 11:58 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!!!
so with all this bad news and japan and china dumping dollar tomorrow and BRICS and no manufacturing and even service industry falling, how are stocks rebounding? what bullshit scheme and equation is making that happen. and these fake numbers is how devil worshippers are still driving around in their SUV's and living in 1 million dollar homes, without leaving their homes.
 Quoting: Anonymous Coward 11614913


a better way of asking, how long are the satanists in china, russia, japan, france, germany, india, and brazil going to let the satanists in the US take advantage of the world commerce and be allowed to cheat at their expense and live without doing anything but punching numbers on a keyboard.

they do not get along or work together so how long till they just invade our asses and start knocking these fat asses off here in the US. it's going to happen, the gig is not only up it's like a fat ass yelling and calling your mom names and had been stealing out of your locker and he just told you saying, what? what r u going to do about it
Luisport (OP)

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05/31/2012 12:18 PM

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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!!!
This Collapse In US Interest Rates Is History In The Making -- Here's What It Really Means

Read more: [link to www.businessinsider.com]
Anonymous Coward
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05/31/2012 12:47 PM
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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!!!
so with all this bad news and japan and china dumping dollar tomorrow and BRICS and no manufacturing and even service industry falling, how are stocks rebounding? (...)
 Quoting: Anonymous Coward 11614913


Dont forget , the economy is not the stock mkt.
Burt Gummer

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05/31/2012 12:49 PM

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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!!!
so with all this bad news and japan and china dumping dollar tomorrow and BRICS and no manufacturing and even service industry falling, how are stocks rebounding? (...)
 Quoting: Anonymous Coward 11614913


Dont forget , the economy is not the stock mkt.
 Quoting: Anonymous Coward 14218599


If they could manipulate the economy like the equities markets....they would.


wreckcrew
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05/31/2012 12:51 PM
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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!!!
Ric Savage on the economy


[/youtube] [link to www.youtube.com]
Anonymous Coward
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05/31/2012 02:24 PM
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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!!!
Most people want to work, granted not the $7.50 per hour jobs, even still most are wanting full time employment.
Anonymous Coward
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05/31/2012 05:24 PM
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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!!!
man i will be 30 next year and have NEVER worked in a good economy since I graduated college in 2005. salaries sucked back then too, if you dont remember.

i dont know what its like to work in a boom. must be nice.
Digital mix guy

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05/31/2012 05:45 PM
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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