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Job-cut plans jump in September


Flying_Mollusk
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The number of job cuts planned by U.S. employers jumped to an eight-month high in September, while hiring announcements fell sharply, an outplacement firm said Tuesday.

 

The report came just days before the government's critical gauges of unemployment and job growth in September, but did little to clarify how strong those measures would be.

 

U.S. businesses announced 107,863 job cuts in September, up from 74,150 job cuts in August, a gain of 45 percent, according to Chicago-based Challenger, Gray & Christmas, which keeps track of monthly job-cut announcements.

 

It was the worst month for job-cut announcements since January, when 117,556 cuts were announced. September's job-cut plans were 41 percent higher than the 76,506 cuts announced in September 2003.

 

Meanwhile, companies announced plans to add just 16,166 new jobs, compared with 132,105 in August.

 

 

 

http://money.cnn.com/2004/10/05/news/econo...index.htm?cnn=y

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The number of job cuts planned by U.S. employers jumped to an eight-month high in September, while hiring announcements fell sharply, an outplacement firm said Tuesday.

 

The report came just days before the government's critical gauges of unemployment and job growth in September, but did little to clarify how strong those measures would be.

 

U.S. businesses announced 107,863 job cuts in September, up from 74,150 job cuts in August, a gain of 45 percent, according to Chicago-based Challenger, Gray & Christmas, which keeps track of monthly job-cut announcements.

 

It was the worst month for job-cut announcements since January, when 117,556 cuts were announced. September's job-cut plans were 41 percent higher than the 76,506 cuts announced in September 2003.

 

Meanwhile, companies announced plans to add just 16,166 new jobs, compared with 132,105 in August.

 

 

 

http://money.cnn.com/2004/10/05/news/econo...index.htm?cnn=y

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This is one of the things that really cracks me up about Reaganomics (or Bushanomics should I say). They parrot their tax cuts as the miraculous cure for all economic problems. They preach that tax cuts help companies invest and promotes economic growth. It has proven the opposite. While the people who largely benefited from the tax cuts, largely the rich, got a lot of money in their pockets, they went on with the downsizing, outsourcing and lower pay for the working class.

 

It is a lie that has to stop somewhere some day. Tax cuts that only benefit the rich don't really help the economy. It is just the opposite. While the CEO of company has more money in his pocket from a juicy tax cut, this doesn't translate in immediate investment and expansion (within the US that is). The only way to help an economy grow is to help the middle class have more money in their pockets. The middle class is who keeps the economy moving, they are the consumers and therefore the spenders in this economy. It doesn't benefit any economy when the middle class shrinks. Ask any economist. The shrinking of the middle class is what has been happening and what has prevented this economy from taking off.

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Is anyone saying we should reach their tax levels?

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The socialized medicine (emulate Canada) crowd plainly is, even though they won't admit to the taxes it would take to make it happen.

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The thing is that in your Fox state of mind you aren't able to even get Kerry's Health care plan straight. He is not calling for a government run health care system, he is simply talking about giving Americans the same alternative as congress members have. In other words he is merely advocating for a health program paid by the government not run by it. :whistle

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Guest Moneyball

Its bad news for Bush, but its also bad news for America. Our economy isn't were it should be with all these incentives. :confused

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and yet the democtrats are loving it just for political gain. :mad :

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Its bad news for Bush, but its also bad news for America. Our economy isn't were it should be with all these incentives.? :confused

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and yet the democtrats are loving it just for political gain. :mad :

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Where did anyone express hapiness? Because we wont let them get away with the "everything is a-ok, no need to worry" crap?

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Guest Moneyball

Its bad news for Bush, but its also bad news for America. Our economy isn't were it should be with all these incentives.? :confused

584272[/snapback]

 

 

and yet the democtrats are loving it just for political gain. :mad :

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Where did anyone express hapiness? Because we wont let them get away with the "everything is a-ok, no need to worry" crap?

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admit it, the democrats secretly hope for the economy to suck so they could get an advantage over bush.

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Guest Moneyball

admit that you cant get over the spoon fed crap about democrats. Stop listening to Limbaugh.

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for your information i don't listen to talk radio, it's common sense.

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