Jobs Reductions Soar 42%Posted By Rod Kaufman |
The variability and fragility of the economy was starkly represented in the monthly May report as per CNN: Planned job cuts by employers soared 42%. "If job cuts do not lesson in June, July and August which are historically the lowest job-cuts months of the year, then it might be time to be concerned about the economy's strength."
Job creation, while improving, "is still well below the pace of previous recoveries" according to the report.
Throw in the ever increasing deficits and the increasing costs of oil and the economy can take a nose-dive, big time. It's no wonder the LA Times has called Bush's handling of the economy as "disastrous stewardship".
Job creation, while improving, "is still well below the pace of previous recoveries" according to the report.
Throw in the ever increasing deficits and the increasing costs of oil and the economy can take a nose-dive, big time. It's no wonder the LA Times has called Bush's handling of the economy as "disastrous stewardship".