Friday, August 13, 2010

If you've noticed any disappearing staffs recently in places you live, work, or frequent...

The economy is looking bleaker as new applications for jobless benefits rose last week to the highest level in almost six months. It's a sign that hiring remains weak and employers may be going back to cutting their staffs. . .


The rise in claims is a sign that private employers may be ramping up layoffs, which declined as recently as June, according to a separate government report released Wednesday. . .


Another possibility is that small companies, facing tight credit, are still reducing their staffs, even as larger corporations slowly resume hiring. . .


Some companies are still cutting workers. Medical products manufacturer CareFusion Corp. said Wednesday it plans to eliminate 700 jobs, saving the company up to $120 million a year. . .
Economic Outlook for Obama Dims as Jobless Claims Grow, Stimulus Falters

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