Wednesday, January 6, 2010

Still Losing Jobs...

Planned layoffs in December 2009 fell to 45,094. That's as positive as it gets. There were economists and some institutions that forecasted growth in the job market, I still think we're a ways away from seeing real job growth. In some way, the number is somewhat a relief as the numbers for December 2008 were so bad (166,348 jobs lost) that it makes today's numbers look small.

2009 showed a total loss of jobs of 1,288,030, most of which came in the first half as bank failures and housing continued to collapse. 2010 may show some positive number, but to make up for all the lost jobs is a tough proposition in the next couple of years. We're going to have to learn to do more with less for awhile.

This data is from the Challenger Job-Cut Report which can serve as a leading indicator for new jobless claims.

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