Gaea Times Micro Blog


  • 08:18:35 pm on August 24, 2010 | # |

    “The national unemployment rate was 9.5 percent in July 2010, seasonally adjusted, unchanged from the prior month and essentially unchanged from 9.4 percent a year earlier” - Bureau of Labor Statistics

    Employers took 1,609 mass layoff actions in July that resulted in the separation
    of 143,703 workers, seasonally adjusted, as measured by new filings for unem-
    ployment insurance benefits during the month, the U.S. Bureau of Labor Statistics
    reported today. Each action involved at least 50 persons from a single employer.
    The number of mass layoff events in July decreased by 38 from the prior month,
    and the number of associated initial claims decreased by 1,835. In July, 307 mass
    layoff events were reported in the manufacturing sector, seasonally adjusted, re-
    sulting in 33,381 initial claims. (See table 1.)

    During the 32 months from December 2007 through July 2010, the total number of
    mass layoff events (seasonally adjusted) was 63,461, and the associated number
    of initial claims was 6,357,583. (December 2007 was the start of a recession as
    designated by the National Bureau of Economic Research.)

    It appears to me that recession is still going strong. What do you think? How is your job market?


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