Even Worse Than Expected

The jobless claims are worse than expected. Below, I listed some of the companies that I could find that announced lay offs, but that was only a very small part of the overall picture. Things are much worse.

New unemployment claims highest in 26 years – MSNBC – “The Labor Department reported Thursday that initial applications for jobless benefits in the week ending Dec. 6 rose to a seasonally adjusted 573,000 from an upwardly revised figure of 515,000 in the previous week.”

November’s unemployment figure was 533,000.  So far for December, we’re well above that.

– Rob

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