Jobs 3/11/09
Today had another single big headline on the jobs front. The headlines:
National Semiconductor to cut 1,725 jobs — 25% of its workforce. This is bad. Interestingly, they are still profitable.
American Airlines to Lay Off 323 Attendants in April — Last month they were hoping that retirement and natural attrition would reduce the need for layoffs. Expecting people to leave a job in this economic environment is counter-intuitive.
Australian Jobless Rate Climbs to 4-Year High of 5.2% — Some Australian headlines are scary. Then I read things like this and think “that’s not so bad.”
Today wasn’t that great. Tomorrow morning we get the weekly unemployed insurance data.
