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!!! | |
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Anonymous Coward User ID: 1560448 05/31/2012 07:54 AM Report Abusive Post Report Copyright Violation | 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 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] Well....... Its bush's fault |
Anonymous Coward (OP) User ID: 17017467 Portugal 05/31/2012 07:57 AM Report Abusive Post Report Copyright Violation | 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 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] |
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Anonymous Coward (OP) User ID: 17017467 Portugal 05/31/2012 08:21 AM Report Abusive Post Report Copyright Violation | 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 |
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Anonymous Coward (OP) User ID: 17017467 Portugal 05/31/2012 08:29 AM Report Abusive Post Report Copyright Violation | 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] |
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Burt Gummer User ID: 7702124 United States 05/31/2012 08:36 AM Report Abusive Post Report Copyright Violation | 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!!! 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 |
Anonymous Coward User ID: 713727 United States 05/31/2012 08:42 AM Report Abusive Post Report Copyright Violation | 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!!! 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: 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. |
Anonymous Coward (OP) User ID: 17017467 Portugal 05/31/2012 08:47 AM Report Abusive Post Report Copyright Violation | 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] |
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Burt Gummer User ID: 7702124 United States 05/31/2012 08:50 AM Report Abusive Post Report Copyright Violation | 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!!! 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: 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. That is NOT what it reads. "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. Last Edited by Useless Cookie Eater on 05/31/2012 08:52 AM |
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Anonymous Coward User ID: 16832674 Australia 05/31/2012 09:16 AM Report Abusive Post Report Copyright Violation | 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 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] Well....... Its bush's fault 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. |
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Anonymous Coward User ID: 16832674 Australia 05/31/2012 09:24 AM Report Abusive Post Report Copyright Violation | 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, |
Anonymous Coward User ID: 1513486 United States 05/31/2012 09:28 AM Report Abusive Post Report Copyright Violation | 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 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] oh hell....... |
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Anonymous Coward (OP) User ID: 17017467 Portugal 05/31/2012 09:49 AM Report Abusive Post Report Copyright Violation | 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] |
Anonymous Coward (OP) User ID: 17017467 Portugal 05/31/2012 09:51 AM Report Abusive Post Report Copyright Violation | 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." |