Does Anyone Really Believe The Unemployment Rate?
For the past month we have posted hundreds of news releases documenting hundreds of thousands of job cuts.....in addition, we have documented hundreds of companies and municipalities close open job positions making it more difficult for millions to get rehired.
Supporting the above is the evaporation of income tax receipts at the fastest rete in history resulting in the largest absolute dollar contraction ever.
Now our cities, counties, and states are running out of money due to declining income and growing burdens. The Federal Government is facing a similar problem running a $2 Trillion dollar deficit.
Instead of reporting an unemployment rate which can easily be maniupulated.....don't you think a more relevant and accurate number would be to report monthly income tax recepits......in the same way companies report revenues????
Watch the dollar skyrocket today.......
Remember, being bullish on America doesn't mean being bulllish on the market.
Corus ( International ) - 1,700
Saugerties school district - 36 Possible Layoffs
Calhoun County - 5
ZymoGenetics - 52
MiddleBrook Pharmaceuticals - 145
Pfizer ( Pearl River Facility ) - 200
Abbott Laboratories - 80 Temp. Layoffs
Upper Deck Co. LLC - 33
The Motion Picture Home - 13
Energy Conversion Devices - 400
Natale's Men's Clothier
CD Connection in Jacksonville Beach
Publix Supermarkets at Memorial and Northfield
Nokia Closing Regent Flagship Store ( International )
Maternity Unit at Willingboro Hospital?
Sunoco Plant in Westville Closed - 400 Jobs Lost
links from just this morning on dailyjobcuts.com