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IPFS News Link • Economy - Economics USA

What Do You Call It When The Number Of Layoffs In The U.S. Goes Up By 136 Percent In Just One Month?

• The Economic Collapse Blog - Michale Snyder

Wow, our economic problems really are starting to accelerate at a shocking pace.  I know that I have been writing about layoffs a lot lately, but what is happening to the employment market right now is definitely big news.   Day after day, more large companies are announcing mass layoffs.  Why would all of these large companies be doing this if the outlook for the U.S. economy is promising?  That wouldn't make any sense at all.  But if these companies are convinced that the U.S. economy is heading into a recession (or worse), it would make perfect sense to slash payrolls at this time.

To me, the most accurate numbers that we get are those that come from non-government sources.  And so I was greatly alarmed to learn that Challenger, Gray & Christmas has just published a report which shows that the number of layoffs in the United States went up by 136 percent from December to January…