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What is up with all the big job losses in the news today?

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Skip Intro Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jul-22-04 05:06 PM
Original message
What is up with all the big job losses in the news today?
All from LBN today:

Washington Mutual to cut 2,500 jobs

MITSUBISHI JOB CUTS (1200 jobs Normal, IL)

J.P. Morgan plans more job cuts (2000 additional jobs gone)

Capitol One Ends 1,100 Tampa Jobs

and this:

Mass layoffs rise in June

snip: Nationwide, U.S. employers cut 134,588 jobs in 1,379 mass layoffs, compared with May's total of 87,501 initial claims for unemployment from 988 mass layoffs. In June of 2003, U.S. employers took 1,691 mass layoff actions, resulting in 157,552 initial claims for unemployment.

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Is it just me, or does all this sound pretty damned bad?

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BlueEyedSon Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jul-22-04 05:08 PM
Response to Original message
1. Alcoa & Kimberly-Clark too today
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Donating Member ( posts) Send PM | Profile | Ignore Thu Jul-22-04 05:09 PM
Response to Original message
2. I hate to say this, but it sounds
good. If the economy tanks, Bush is in real trouble.
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iconoclastic cat Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jul-22-04 05:10 PM
Response to Original message
3. That damned LM.
If they wouldn't report it, it would be so bad!

/joke
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KG Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jul-22-04 05:11 PM
Response to Original message
4. all lies. the economy is just rolling like a big ol' freightliner!
:eyes:
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Demeter Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jul-22-04 05:22 PM
Response to Original message
5. Rubbing Salt In The Wounds
Make Greenspan, Bushco, and corporate America look like the liars and losers they really are.
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notadmblnd Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jul-22-04 05:27 PM
Response to Original message
6. looks like somebody didn't drink their kool-aid
Edited on Thu Jul-22-04 05:27 PM by notadmblnd
here, have a big glass:toast:... make it all gone now Ummmm! don't ya feel better about those lost jobs now?
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