U.S. May layoffs up 42% to 82,283, Challenger says (Marketwatch)

[cthrumatrix]

U.S. May layoffs up 42% to 82,283, Challenger says

By Rex Nutting
WASHINGTON (MarketWatch) -- Corporate layoff announcements increased by 42% in May to 82,283, according to a monthly tally released Thursday by outplacement firm Challenger Gray & Christmas. So far in 2005, layoff announcements are running 4.6% ahead of last year's pace. Job cuts in the computer industry surged to 17,886 in May as companies reacted to weak demand in European markets. "With so many question marks in this economy, employers appear to be in a holding pattern," said John Challenger, CEO of the firm. "More companies are retaining their workers, but they seem reluctant to add workers."

http://www.marketwatch.com/news/newsfinder/pulseone.asp?guid={547530C0-CE07-4291-981B-2C6C5BD7370E}&siteid=mktw


Who in the hell can you belive with data anymore...? CPI number is rigged...job numbers are cooked.

[Zenlitened]

1. Layoffs increase 42% and he calls it a "holding pattern?"

Jee-zuss. They don't even try to be subtle about spinning anymore, do they? :eyes:

[Kmarx]

16. Why should bother to spin it anymore?

The jackasses in this country voted for the dumbest asshole in human history so why does he and his henchmen need to spin anything? They realize that the more they shaft the public, the more the public bends over and pleads for more.

[Zenlitened]

19. Sadly, that about sums it up. - n/t

[Rainscents]

21. Hi Kmarx... elcome to DU!

:hi:

[mbperrin]

2. Layoffs up 42% indicates that companies are retaining their

workers???!!!

At LEAST give me PLAUSIBLE spin! We all know they're a bunch of lying whorish fuckers pimping for the * and repub agenda, but at least make it seem possible!!

(Apologies to whores, fuckers, and pimps everywhere...)

[swag]

3. I just read a research report with a rather gloomy econo forecast

Delayed oil shock will cause GDP growth to slow to 2% by Q3, corporate earnings for the second half of the year disappoint severely, world financial crises begin to unfold, etc.

Not looking too good.

[cthrumatrix]

7. can you post a link to that report? Please...-)

[swag]

10. I'd love to, but it was proprietary.

I'll see if I can scare up any references to it.

[gratuitous]

4. What was it Stupidhead was blathering on about?

How "strong" the economy is? Well, I suppose it is if you have a no-show, $400,000 per annum sinecure backed by a blood-stained pile of crooked money. For the rest of us, though, the economy looks a little more like a 97-pound weakling than Charles Atlas.

[ovidsen]

5. It's the economy, stupid!

and "employers appear to be in a holding pattern" is an outstanding work of Orwellian doublespeak.

[TahitiNut]

6. John Challenger is, of course, a Republican

Not that anyone would ever think it'd affect his objectivity. No. Of course not. :sarcasm:

[xchrom]

8. layoffs up 42% -- and we're in a holding pattern?

we're retaining jobs?
:crazy:

he must be speaking to republicans -- cause they're the only ones who believe jackoffs who talk like that.

[Zorra]

9. Huh?

WASHINGTON (MarketWatch) -- Corporate layoff announcements increased by 42% in May to 82,283, according to a monthly tally released Thursday by outplacement firm Challenger Gray & Christmas. So far in 2005, layoff announcements are running 4.6% ahead of last year's pace. Job cuts in the computer industry surged to 17,886 in May as companies reacted to weak demand in European markets. "With so many question marks in this economy, employers appear to be in a holding pattern," said John Challenger, CEO of the firm. "More companies are retaining their workers, but they seem reluctant to add workers."

http://www.marketwatch.com/news/newsfinder/pulseone.asp?guid={547530C0-CE07-4291-981B-2C6C5BD7370E}&siteid=mktw

Um, ok....

If: Corporate layoff announcements increased by 42% in May to 82,283.

And: layoff announcements are running 4.6% ahead of last year's pace.

Then: employers appear to be in a holding pattern

And: "More companies are retaining their workers, but they seem reluctant to add workers."

Ah, ok, I get it now.;-) Republican statistical analysis. War is peace.
:crazy:

[Kmarx]

15. George Orwell

would have loved the double-think of today's corporations and politicians.

[Supersedeas]

11. but * has a Press Conference to announce how great the ecomony is

[0rganism]

17. the idea of a strong economy is more useful to the GOP...

...than an actual strong economy.

[Robert Oak]

12. They are replacing their workers

with offshore outsourcing.

[Kmarx]

14. You're so right.

Recently IBM said that it is planning to get rid of 12,000 jobs. Now think back to last year when an internal IBM memo found its way into publication indicating that it would create over 10,000 jobs in India, while all the time being denied by its corporate liars. So much for IBM credibility.

[Kmarx]

13. Let's see what the BLS

reports tomorrow for the total number of jobs 'created' in May. Don't be surprised if the report is tailored to make it seem that the job situation is just fine. We are in the troughs of what ancient Rome experienced -- a collapse that was never apparent until it was all over.

[0rganism]

18. tailored, respun, or delayed entirely like the May recruitment numbers

The bush administration ratfuckers have no shame.

[Kmarx]

20. Well here it is folks,

the economy created only 78,000 dead-end jobs, many with low pay, few or no benefits and certainly no future. Watch, that asshole in the White House and his partners in crime will soon say that they 'created' 78,000 new jobs and ask that the public celebrate their 'great victory' and our 'booming' economy. The fact is that the number of new people entering the job market each month is on average 150,000 to 160,000. Hence only half of the newbies if they are lucky will get one of those jobs to say nothing of the millions who are out of work or underemployed and will get nothing! I guess when you're born rich like dimwit in the White House and a crooked CEO, Congressman and hideous misanthrope like Cheney then there are other more import issues of the day like who are they going to shaft next.