It’s global! As economies slow down, unemployment numbers will rise. And as we have detailed in this and previous Trends Journals, the slowdown has begun.
U.S. economic activity has remained positive in November, according to S&P Global Market Intelligence’s flash composite purchasing managers index (CPMI), which combines data from the manufacturing and services sectors.
According to the data, get ready for consumers spending less money during the holiday season and according to the stats, holiday job hirings are down.
How much more proof do people need to see the dismal economic future? For the mainstream media, the only numbers that count are stock indexes. Welcome to week 60 or our job layoffs... of a bad situation getting worse.
This is week 59 of our job loss report. Inflation and interest rate hikes are causing companies in many sectors to lay off employees. To illustrate the employment trends and the socioeconomic implications, each week we will list job losses.
As we have continued to note with facts and figures, the three-year COVID War destroyed much of the world economy.
Although the U.S. economy added a startling 336,000 jobs last month, most of the gains were in just three sectors: government, health care, and leisure and hospitality, according to labor department figures.
This is week 56 of our listing job cuts. Today, the Dow went into the red for the year plunging 430 points. Why?
This is week 55 of our listing job cuts. Today, the Dow plunged nearly 400 points. Why? According to the CNBC headline because “... economic worries return.”
Workers strikes, still high inflation and high interest rates are causing companies in many sectors to lay off employees. To illustrate the employment trends and the socioeconomic implications, each week we will list job losses. This is week 50.