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19 September 2023, TRENDS ON THE GLOBAL ECONOMIC FRONT – Sep 19 2023

WHEN THE ECONOMY FALLS JOBS GO WITH IT

September 19, 2023September 19, 2023
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WHEN THE ECONOMY FALLS JOBS GO WITH IT

This is the 54th week that we have been reporting job losses. And as we note in this Trends Journal, the outlook for hiring workers for the holiday season is at a Panic of ’08 low.

So why are the job numbers up in America? Because of the political crime syndicates that steal people’s money in the name of taxes are hiring more bureaucratic flunkies.

As reported in today’s Wall Street Journal, “While many companies have been cutting staff and freezing new hires this year, the government is laying out the welcome mat.

Public-sector jobs at the federal, state and local level have risen by 327,000 positions so far in 2023, according to the Bureau of Labor Statistics. That is approaching one-fifth of all new American jobs created in the first eight months of the year. In contrast, public-sector jobs accounted for 5 percent of employment growth during the equivalent period last year.”

They go on to note that “This year’s growth in public-sector jobs represents the highest share of overall U.S. payroll gains since 2001, when the government hired masses of workers focused on public safety after the 9/11 terrorist attacks.”

  • 2Seventy Bio Inc. – 40 percent, 176
  • Cisco – 350
  • UFC-WWE merger – 100
  • Aritable – 27 percent, 237
  • ProbablyMonsters – Some layoffs , no #
  • Beamdog Studio – 25
  • Leaf Home – 37
  • CIE Newcor – warns of 290 layoffs due to auto strike
  • UPS – Layoffs hit Dallas Fort Worth area Staff
  • Ford Michigan Assembly Plant – 600 Temporary layoffs due to labor strike
  • West Virginia University – Approves 143 Layoffs
  • New York’s blockchain company, R3 – 20 percent
  • Ascendant Studios – 40
  • VideoAmp – 40
  • Airtable – 237
  • Grabando – 40 percent, ~60 
  • Evolve – 175
  • FedEx – Layoffs in IT and Finance Depts. – No #
  • Google – Hundreds of Recruiting Staffers
  • Joann Fabrics Hudson HQ – No #
  • Ozarks Healthcare – 130 positions around 70 are layoffs
  • Sage Therapeutics – 290
  • Sustainalytics – 150
  • Google – 100’s 
  • Fungi-fueled alt meat startup Meati Foods – 30
  • Binance – 100
  • Citigroup – No #
  • Collins Aerospace – about 800
  • Oyster – No #
  • Cyber insurance company At-Bay – 27
  • Barclays ( International ) – 450
  • Premier Glass USA LLC – 48
  • Rainbow Studios – Layoffs, No #
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