Jobs are NOW a LEADING INDICATOR
When America was a producing economy, job losses were a lagging indicator. As demand increased, companies would produce more with less for a while until they were forced to hire to keep up with rising demand.
Now we are a consumer economy. We accomplished growth most recently by extending credit to the consumer after 9/11 which immediately translated into service job creation.... now the focus of our economy.
Since we are contracting credit to the private sector at RECORD rates...it is mathematically impossible for our economy to be growing...even against the incredible deficits destroying the value of the dollar and fueling ponzi spending. When you have such massive layoffs, wage cuts, and business shut downs day after day, week after week, month after month as we are experiencing......the only logical conclusion one can reach is America is currently in the process of shutting down....much faster than many perceive.
Providing clear evidence of America shutting down is foreclosures at record levels and bankrupctcies exploding.....supporting this is the incredible number of job cuts and business closures making press. These closures are not geographically concentrated or industry specific. By the law of large numbers, it is obvious that most every business and government entity is suffering and cutting across the nation, even affecting health care.....and if most are cutting and few are hiring....we are shrinking at an incredible rate......which is confirmed by the evaporating tax receipts.
Based on the Alstrynomic theory of concentric contraction...as we get smaller and smaller, the rate of contraction will accelerate as fewer and fewer will have to support more and more.
Bankruptcy Filing In Nevada Jumps 64 Percent
Pepsi Shutting Down Eugene Bottling Plant
TomoTherphy - 10% of Global Workforce
NY Times Wont Rule Out Layoffs At Boston Globe
Kansas City - 16 Officers Jobs
Cadbury (International) - Unions wants Answers on Layoffs
Slipgate Ironworks - Round of Layoffs
Clear One Health Plans Inc. - 25
Save - A - Pet in Greyslake - 40% Reduction in Staff
Microtune - 10% of Workforce
Conde Nast - 7 More Layoffs Today?
Viking Range Corporation - 30
Current Media - More Layoffs / Outsourcing?
Update: NH Department of Corrections - 37
AM General - 250
Bossier City - 88
Wired.com - 2
Calumet City - 47 School Crossing Guards, 6 Officers, 4 Inspectors
Seaside Ca Firefighters - Layoffs Likely
Gerdau Ameristeel - Continues Layoffs
Lackawanna County - 30
Verizon ( Delaware ) - 66
Bristol Myers Reduces Abilify Sales Force by 25%
MetLife Inc. - 34
Merrill Corporation in St Cloud - Layoffs?
Baldwin School Officials Oks Job Cuts
Gov Patrick ( Boston ) - 2,000 Jobs Could be Cut
Stanley Furniture Company - Layoffs to Be Announced in December
Berrien County - 3
Iowa - 1,000+ Layoffs Expected
University of Manitoba ( International ) - Layoffs Coming?
City of Elgin - 11
Bossier City - Layoff Numbers today at 10am
All San Diego City Departments - Job Cuts?
Right Pro Hardware Store
Coletta's Lamps and Shades in Warwick
Taste a Downtown San Luis Business Closing
Champlain Bridge Closes Indefinitely Due to Safety Issues
Fiesta Auto Center in Leon Valley
Morgan's Creek Nursery in Calimesa
Sears closing Palm Beach Mall Store
Old Town Outfitters in Rock Hill SC
Smith Medical PM Inc closing Pewaukee Plant - 100 layoffs
Carlyle & Co Jewelers closing all 34 Stores
Pentair Inc Closing Plant in Champlin - 200 Layoffs
Mama Gaia in Downtown Howell
Lone Star Steakhouse and Saloon in Tuscaloosa
Kmart in Titusville Closes Sunday
Reepham Brewery ( International )
Racine Produce in Elmwood Plaza
Jurgens & Holtvluwer Store in Grand Rapids
Pittman Jewelers in Clayton
Hawker Beechcraft possibly closing Salina Plant
Update: Pfizer Closing Bridgewater Plant in 2010