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Jobless: Our Numbers are Strong…and Growing
The Department of Labor put out some (sort of) good news today: The number of new jobless claims fell last week, from 670,000 to 639,000, and the number of people getting unemployment benefits came down. Meanwhile, ADP Employer Services had a rotten contradiction: private companies cut 697,000 jobs in February—far more than the 610,000 economists had expected.
Our take? It’s going to get worse before it gets better, sadly. We’re not economists or statisticians, but each morning we do a comprehensive survey of layoff announcements. This morning was a doozy; nearly 23,000 layoffs were made public in the U.S. And those jobs are coming from all over the country and the economy—from electronics makers to film studios, Southern California to West Virginia.
On the bright side, at least you know you’re not alone.
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Thanks for the update!!
“This Too Shall Pass”
Bless–
@CareerSeeking