It’s funny how this story hasn’t made it onto the front page of Marketwatch or the other MSM propaganda agencies. Layoffs in the 1st quarter of this year were the highest since 2011. Layoffs in March were 30% higher than last March. That is a sure sign of an economic recovery. Right?
The Obamanistas will immediately claim the surge is due to the dreaded sequester. FALSE!!!!
There were only 1,448 government drones laid off in March. For the math challenged, that equals 2.9% of the total layoffs. The devastating sequester cuts are an Obama and MSM storyline that is FALSE!!!
Retail layoffs are up 52% in the 1st three months of this year versus last year. I thought the consumer was recovering. I thought jobs were being created. Why would retailers be laying off 52% more employees than last year if the economy is improving? Inquiring minds want to know.
First quarter layoffs highest in a year
Published: April 4, 2013 at 7:31 AM
CHICAGO, April 4 (UPI) — The monthly number of layoffs at U.S. firms has exceeded the same month a year earlier for four of the past six months, a private employment firm said.
Outplacement firm Challenger, Gray & Christmas said there were 49,255 announced job layoffs in March, which was a drop of 11 percent from February, but an increase of 30 percent from March 2012 when 37,880 job cuts were announced.
March is the second consecutive month and the fourth of the past six in which announced cuts exceeded the same month of the previous year.
Add it all up and job cut announcements January through March were the highest of any quarter since 2011, the firm said.
In the first quarter of the year, employers announced 145,041 layoffs, a 5.6 percent increase from the fourth quarter of 2012, which included 137,361 job cut announcements, and a 1.4 percent climb from January through March in 2012.
Chief Executive Officer John Challenger said the retail environment looked especially precarious.
“While consumer spending is up in 2013, many retailers have been fighting for their lives since the end of the recession,” Challenger said, pointing out that Best Buy, JC Penney, Sears and Kmart have all announced job cuts recently and movie rental chain Blockbuster has shuttered its business.