By Eve Tahmincioglu
The jobs news this week has been pretty bad and I know it’s gotten many of you down.
A key gauge of future economic strength grew at an anemic rate, according to The Conference Board; and mass layoffs are in vogue again.
This from MSNBC.com yesterday:
Layoffs are rising as companies dig in amid a slew of worries: stalled debt ceiling talks in Washington; a looming financial crisis in Europe; and signs the recovery is going nowhere. The Labor Department said Thursday that applications for unemployment benefits rose by 10,000 to a seasonally adjusted 418,000. The four-week average, a less volatile measure, dipped to 421,250. It was the third straight week that applications have risen.
It’s understandable if you’re feeling a bit gloomy, especially... More...
