50,000 jobs in one day.

[Cojafoji]

no idea if any of you are really out into the job market yet, but as a worker in a place that has to cut 35% of its operating budget this year, it makes me fidgety...

http://money.cnn.com/2009/01/26/news/economy/job_cuts/index.htm


NEW YORK (CNNMoney.com) -- The final week of January began with a bloodbath for the job market, as more than 50,000 more cuts were announced on Monday alone.
At least six companies from manufacturing and service industries announced cost-cutting initiatives that included slashing thousands of jobs.
About 185,000 job cuts have been announced so far this year, according to company reports. Nearly 2.6 million jobs were lost over 2008, the highest yearly job-loss total since 1945.

[Rook]

Oh wow. Some of us with part times jobs with measly hours should still be thankful then... the worst part of it is when these people need the money to support themselves and their family.

[Cojafoji]

Oh wow. Some of us with part times jobs with measly hours should still be thankful then... the worst part of it is when these people need the money to support themselves and their family.
yeah dude, looks like part time jobs are gonna go back to scarcity for kids...

[Syuusuke]

Crap crap crap crap crap crap.

[flibitijibibo]

Yay for being self-employed.

Hopefully none of you guys lose your monies, though.

[Limited]

Yay for being self-employed..
Not sure if thats sarcasm or not.


Bleak news indeed. UK has the highest unemployment rate for like 30 years I believe. Its crazy. I think its reaching nearly 3 million people, in a population of 60 million, that number is terrifying.

I hate to say, and I know others hate to hear it, but good fucking job USA. You caused this mess, you better fix it asap.

[onotix]

I hate to say, and I know others hate to hear it, but good fucking job USA. You caused this mess, you better fix it asap.
not really.

[Limited]

not really.
You sir are blinded by ignorance then, because it is 100% due to the American banks.

[Sel]

not really.

Uhhh you dumb?

The US laid the seeds for economic recession/depression several years ago, before bush even. It's a shame Obama is going to have to fix up his predecessors mess too.

[Cojafoji]

post deleted by me, as i did not want to cause or be part of a shit storm. this topic will not be used to decry the deregulation that bush so ardently supported. please do not continue on that path.

[Limited]

post deleted by me, as i did not want to cause or be part of a shit storm. this topic will not be used to decry the deregulation that bush so ardently supported. please do not continue on that path.
Yes because you are a real saint aren't you.
http://www.modacity.net/forums/showpost.php?p=354662&postcount=34
You shoulda deleted that one instead.

People need confidence in the economy, and that is really what the problem is now. That is whats going to take years to mend. Interest rates are at an all time low, people are saving say £100 a month on a morgage, they are going to see that money and be like "oh well, £100 a month, I'm going to save that just incase, as we dont know what is around the corner." And that is a problem, its sensible but not going to help us out in the long run.

[Mr Buckshot]

We all like capitalism, however if we can't control ourselves in a capitalist state, we are the ones responsible for economic downturns.

[DarkHalo003]

Yeah, I believe the state of Georgia has lost from 150,000-300,000 jobs since the recession hit. IT's crazy.

[Dwood]

Yeah, I believe the state of Georgia has lost from 150,000-300,000 jobs since the recession hit. IT's crazy.


They were also kind of invaded by Russia.. Oh wait.. Nvm.


8% Unemployment in Florida woot!

20% in Britain woot!

Yo Brits if we were the ones that caused it why didn't you say "hey, let's not do this?"

Bush DID warn about the level of deregulation there was...