More on Challenger job cuts: For all of 2012, there were 523K layoff announcements, down 14%...
Jan 3 2013, 07:37 ET
Challenger job cuts
: For all of 2012, there were
523K layoff announcements
, down 14% from 2011 and the lowest annual total since 1997.
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With nearly 23 million Americans un or under employed there are not that many left to be cut. The shift in the numbers is nothing more than a shell game. Trading a well paying position with benefits for a part time fast food job is hardly an improvement.
3 Jan 2013, 07:46 AM
The pie has been cut by a quarter if not more...so the overall number will be less...the % will be higher as many people have "left" the workforce somehow...
3 Jan 2013, 07:50 AM
The good news is that there is no shortage of college graduates willing to fill part-time, night and weekend jobs at slightly above minimum wage with zero benefits.
3 Jan 2013, 09:57 AM
Except for the 372,000 new unemployment claims last week nobody got fired in our recovery last week.
3 Jan 2013, 10:11 AM
In the strongest economy you always have 300,000 or so people filing each week. It's a huge economy and there is a lot of turnover. A lot.
3 Jan 2013, 10:53 AM
Too bad we are not around 300k and in one of those "strongest" economies. Also with 300k in filings NFP will also be in the 400k to 500k range. In Sept of 83 it was over 1 millon. So with 350k+ filings and NFP in the 100k range, the objective assessment is one of malaise and clearly not the "strongest" economy. People trying to make a case for a certain ideology however, won't see it that way.
3 Jan 2013, 11:36 AM
That's a pretty good stat. Good news.
3 Jan 2013, 10:52 AM
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