Archive for August, 2009
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Recession Briefing 8.3: Housing is Back
What you need to know today to survive and thrive in the recession.
By every measure, except foreclosures, the housing market has stabilized and many areas are recovering, according to a spate of data released in the past two weeks. (Los Angeles Times)
Families are expected to spend 8 percent less on back-to-school purchases, including everything from new shoes to dorm room gear, the National Retail Federation forecasts. Also, Recessionwire: 10 stores offering deals. (Associated Press)
Strapped local and state governments are still spending on at least one activity: seeking stimulus money. (Wall Street Journal)…
Screwed: 1,600 at Siemens
A daily review of the employment fallout around the country and the world.
Today’s Total: 4,384
Good News: US Census Bureau met its goal of creating 2,200 jobs by July 1; City Colleges of Chicago created 450 summer jobs.
Bad News: In Siemens offices around the world, 1,600 workers were let go… In Ghana, 950 Vodafone employees will lose their jobs. … IMS Health, a pharmaceutical maker in Norwalk, Conn., is planning to lay off 850 employees… Whirlpool will cut 300 jobs in September… Some 300 coal miners will lose their jobs at Xstrata Coal… US Steel in Serbia will reduce its workforce by 206. … In Avon Lake, Ohio, 178 Ford workers are to be let go…
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