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alstry (35.03)

When will the layoffs slow down?

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May 01, 2008 – Comments (2)

HomeDepot Today:

About 1,300 jobs will be affected as a result of the 15 store closings.....

Sun Tonight:

SAN FRANCISCO (MarketWatch) -- Sun Microsystems Inc. on Thursday said it swung to a fiscal third-quarter loss and that it will cut up to 2,500 jobs as the computer server and software company said "significant challenges" in the U.S. market contributed to its sales slipping from a year ago.

 

The prediction for 10% umemployment by the end of the summer may be conservative if States and Municipalities start really cutting back.  Rumor has it that CA's deficit my now be revised upward again, to North of $20 Billion.

2 Comments – Post Your Own

#1) On May 01, 2008 at 11:15 PM, thisthatother47 (90.12) wrote:

So if the current 5.1% unemployment figure is in reality 9.1% if you count the people who have given up looking for work - then your 10% number is going to leave a mark if it happens....

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#2) On May 02, 2008 at 12:24 AM, dwot (97.03) wrote:

Yucky all over...

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