Wednesday, December 8, 2004
US Firms Cut 100,000+ Jobs For The 3rd Straight Month...
The Bush economy keeps doing it's thing...
US employers announced plans in November to step up job cuts, with the total exceeding 100,000 for the third month in a row, an industry survey showed.
Employers posted 104,530 cuts in November, up 2.6 percent from the previous month, according to a survey sponsored by international outplacement firm Challenger, Gray and Christmas.
Government workers were hardest hit, with 21,971 cuts, followed by telecommunications workers, with 21,158 job losses.
"Not only are more companies announcing job cuts, there are more jobs being eliminated in each announcement," said the outplacement firm's chief executive, John Challenger.
Quick Jeff, say something about Economics 101 or that these people didn't deserve jobs, anyway...
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