LayoffBlog.com

March 4, 2009

U.S. private sector bleeds jobs, services slump deepens

Filed under: FYI,Services,unemployment,US — DF @ 12:08 pm
Tags: ,

According to Reuters: “U.S. private companies hemorrhaged nearly 700,000 jobs in February and the service sector slump deepened as the year-old recession showed little sign of abating, according to data released on Wednesday.

The private sector cut 697,000 jobs compared with 614,000 in January, according to an ADP Employer Services report that suggested hefty employment declines are on the way in the government’s more comprehensive payrolls data on Friday.”

February 28, 2009

California’s unemployment rate above 10 percent

According to Reuters: “California’s unemployment rate rose to 10.1 percent in January, its highest level in a quarter century, as recession tightened its grip on the most populous U.S. state.

Weakness in the housing and consumer sectors helped drive the jobless rate up from a revised 8.7 percent in December and 6.1 percent in January 2008 and to above the national average in January of 7.6 percent, state officials said on Friday.”

February 26, 2009

U.S. Initial Jobless Claims Rose to 667,000 Last Week

First-time claims for U.S. unemployment benefits unexpectedly rose last week and total benefit rolls soared to a record high, a sign companies may keep shedding jobs as the recession worsens.

First-time unemployment applications increased by 36,000 to 667,000, the highest since 1982, in the week that ended on Feb. 21 from a revised 631,000 the prior week, the Labor Department said today in Washington. The number of people staying on benefit rolls rose in the previous week by 114,000 to 5.112 million.

Source: Bloomberg

February 25, 2009

California had most mass layoffs in January

California shed more workers than any other state because of mass layoffs, with 54,150 losing their jobs last month. It was followed by New York at 31,890, Pennsylvania at 29,660 and Ohio at 27,970, according to a report by the U.S. Bureau of Labor Statistics.

  • A mass layoff is defined as a single action by a single employer that causes at least 50 workers to lose their jobs.

Source: U.S. Bureau of Labor Statistics,  San Francisco Business Times

237,000 U.S. jobs lost in January

A total of 237,900 American workers lost their jobs through mass layoffs in January.
That was up 11,790 from the December total, according to a report released Wednesday by the U.S. Bureau of Labor Statistics.
The number of mass layoff events declined from month to month, even though the number of affected workers increased. The bureau counted 2,227 mass layoffs in January, down slightly from 2,275 in December.

Source: U.S. Bureau of Labor Statistics, South Florida Business Journal

Half a million Russians to lose jobs, wages shrink

According to Reuters, CNBC: “The number of Russians set to lose their jobs amid the global financial crisis has reached half a million, jumping tenfold in less than four months, government statistics showed. The figures demonstrate how deeply the economic turmoil has penetrated into Russia’s real economy, affecting not only financial professionals, as was largely the case in October, but everyone from store clerks to construction workers. As of February 18, the health and social development ministry had classified 496,600 workers as “due for redundancy” — meaning job cuts notified to the government but not yet enacted.”

~News submitted by upthecreek

February 19, 2009

Mexico: Exodus of migrants falls by more than half

Migration from Mexico, mainly to the United States, has fallen dramatically as fewer Mexicans leave their country to look for work abroad amid a global economic downturn, the government said Thursday.

The net outflow of Mexicans – both legal and illegal – declined by over 50 percent in the 12 months ending in August 2008, compared the same period a year earlier, said the Eduardo Sojo, president of the board of Mexico’s National Statistics, Geography and Information Institute.

The number of returning Mexicans was roughly the same over the two periods, declining slightly to 450,000 by late 2008, from 478,000 in the 2007 period. But the number leaving Mexico fell sharply to 654,000 from 933,000.

U.S. Jobless Benefit Rolls Reach Record 4.99 Million

The number of Americans collecting unemployment benefits jumped to 4.99 million two weeks ago, breaking a record for a fourth straight time, signaling the job market is still deteriorating.

Total benefit rolls surged by 170,000 in the week ended Feb. 7, the Labor Department reported today in Washington. First-time applications for unemployment benefits were unchanged at 627,000 last week, higher than economists projected.

Source: Bloomberg

Asian Joblessness to Balloon

Asia is likely to have 7.2 million more jobless people in 2009 than last year due to fallout from the global economic crisis, the International Labor Organization said.

It forecast the ranks of unemployed workers would likely balloon to 97 million in 2009 in Asia, the world economy’s star performer in recent years but where a third of the population still live on a little more than $1 a day.

“As global demand for workers contracts, the flow of migrant workers from developing Asia will moderate in 2009,” the ILO report said. “For labor-sending countries, this will exacerbate the challenge of mitigating job losses and generating new employment domestically.”

Source: The Wall Street Journal

February 18, 2009

Jobless phone calls cost California millions of dollars

Millions of failed calls to the state’s unemployment insurance call centers are costing California taxpayers millions of real dollars.

The Employment Development Department pays 5 cents to Verizon each time a caller dials its toll-free numbers to file or get help with an unemployment insurance claim and EDD staff can’t handle the call. The message urges callers to file their claims through the department’s Web site.

That message service has cost taxpayers $4.9 million since the beginning of 2008.

Source: Sacramento Bee

California state workers layoff process begins

With budget negotiations stalled, Gov. Arnold Schwarzenegger will begin the process of laying off thousands of state workers. Schwarzenegger spokesman Aaron McLear said Monday the administration will issue 20,000 notices to employees with the least seniority.

The governor had delayed releasing the notices Friday when it appeared lawmakers would pass a compromise plan to fill the state’s $42 billion shortfall. But a marathon weekend session has so far failed to produce the necessary votes.

Source: San Jose Mercury News

February 17, 2009

Tech Layoffs Surge to 300,000

Layoffs in the tech sector are accelerating. It took exactly three weeks for tech layoffs to surge to 300,000, according to the Washington Post’s Layoff Tracker. Since late January, when the tracker hit 200,000 layoffs, another 100,000 job eliminations have been announced or completed. In contrast, it took five weeks for layoffs in the tech industry to hit the 200,000 mark, and >=four months for layoffs to hit 100,000 last December.

The past few weeks have particularly brutal for the technology space, with substantial layoffs announced by Pioneer (10,000), Cisco (3,000), Panasonic (15,000), NEC (20,000), Electronic Arts (1100) and AOL (700).

Source: The Washington Post

February 14, 2009

Hawaii saw 10 mass layoffs, 1,217 jobs cut in Q4

Filed under: unemployment,US — 7macaw @ 2:59 pm
Tags: , ,

Hawaii was among eight states to report program high numbers of mass layoffs in 2008, according to a report released Friday by the U.S. Department of Labor.

There were 10 “mass layoffs” in Hawaii that resulted in 1,217 workers losing their jobs for at least 31 days during the fourth quarter of 2008.

That’s up from four mass layoffs and 563 workers in the fourth quarter of 2007.

Alaska, California, Idaho, Indiana, Missouri, New Jersey and Wyoming also reported program highs in terms of numbers of separations.

Source: Pacific Business News

February 13, 2009

Arizona DES orders workers to take unpaid time off

Despite rising demand for unemployment benefits and food stamps, the Department of Economic Security on Thursday announced furloughs for 9,000 employees and said “a significant number” of layoffs are imminent.

The cost-cutting moves, which officials said would affect nearly every service the department provides, come in response to more than $90 million in cuts to the department’s budget last month.

One silver lining to the announcement: The Unemployment Insurance Benefit Program will not be significantly affected by the cuts, officials said. Those workers’ salaries are paid with federal funds, and they will not be subject to the furloughs.

Still, the agency has been overwhelmed with requests for unemployment benefits, sometimes receiving 8,000 calls per hour. Arizona lost 115,000 jobs statewide last year.

Source: The Arizona Republic

Caterpillar CEO Contradicts Obama on Rehiring

Obama has said twice in the past few days that Caterpillar CEO James Owens indicated his company would be able to rehire some of the 20,000 recently laid-off employees. “Yesterday, Jim, the head of Caterpillar, said that if Congress passes our plan, this company will be able to rehire some of the folks who were just laid off,” Obama said in Peoria.

But when asked if the stimulus could do that, Owens said, “I think, realistically, no. The honest reality is we’re probably going to have more layoffs before we start hiring again.

Source: ABC News

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