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Old 10-26-2012, 04:27 PM
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Signs That Layoffs And Job Losses Are Skyrocketing

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you still have a good job, you might want to hold on to it very tightly because there are a whole bunch of signs that unemployment in the United States is about to start getting worse again. Over the past several weeks, a substantial number of large corporations have announced disappointing earnings for the third quarter.

Many of those large corporations are also loaded up with huge amounts of debt. So what is the solution? Well, the favorite solution on Wall Street these days seems to be to lay off workers. In fact, it is almost turning into a feeding frenzy. Since September 1st, we have seen more job cuts announced than during any other two month period since the start of 2010.

These announcements represent future layoffs and job losses which are not even showing up in the unemployment numbers yet. So needless to say, things don't look very promising for the end of 2012 or for the beginning of 2013. If this race to eliminate jobs becomes a stampede, will we see the bottom fall out of the employment market?

If you are concerned about whether or not you will still have a job 12 months from now, you might find the numbers posted below to be quite alarming. We have not seen layoff announcements come this fast and this furious since the gloomy days of the last recession.

According to Bloomberg, job cuts are well ahead of the pace set last year...

North American companies have announced plans to eliminate more than 62,600 positions at home and abroad since Sept. 1, the biggest two-month drop since the start of 2010, according to data compiled by Bloomberg. Firings total 158,100 so far this year, more than the 129,000 job cuts in the same period in 2011.
So what happens if the economy really starts sliding rapidly and this loss of jobs becomes an avalanche?

Can the U.S. economy and the American people handle another major economic downturn?

Some of the biggest names in the business world have announced job cuts in recent weeks. The following are 15 signs that layoffs and job losses are skyrocketing...
Read the entire article: http://theeconomiccollapseblog.com/a...e-skyrocketing

So let me know if I am wrong.

People are laying off when the corporations do not show profits or are in difficulty, leaders and senior management stay even if they failed the corporations. When a corporation make huge profits leaders and senior management get huge pay, bonuses and other incentive, but employees should be happy enough to make a living and get a job.

I don't want to be repetitive but this mind set is unbelievable.

What your thoughts?
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Old 10-26-2012, 04:40 PM
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Check this link, pretty self explanatory.

http://www.dailyjobcuts.com/
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Old 10-29-2012, 06:46 AM
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I think this is just one of a myriad of events taking place that demonstrate clearly that the latest unemployment numbers (just in time for the election) are bogus.
Sure, some of these layoffs haven't taken place yet and are not included in current unemployment numbers, but many of them are and the trend is already in place.
 
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Old 10-29-2012, 07:33 AM
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Sure, some of these layoffs haven't taken place yet and are not included in current unemployment numbers, but many of them are and the trend is already in place.
It seems like Europe is already in a new recession, here in US things are at the edge of another devastating recession. This time people will be more vunerable and it is going to be unstable. Hyperinflation is coming with austerity mesures, all elites, countries and central banks are preparing for the collapse, they are buying gold big time.
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Old 10-29-2012, 07:57 AM
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There is a recent article about that.

The Virtual Recovery
http://www.paulcraigroberts.org/2012...tual-recovery/
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