Forget the ADP Numbers — Big Corporations Still Slashing Workers

InvestorPlace.com ^ | 1/5/12 | Jeff Reeves

[Nachum]

Blue chips Pepsi, Boeing show profit-propping layoffs still the trend

Wall Street seemed upbeat today thanks to positive jobs numbers in a private-sector payroll report from ADP. Specifically, jobs increased 325,000 in December, led by the service sector and small businesses. Additionally, November’s employment numbers were revised slightly higher.

But lest you think everything is coming up roses, keep in mind that many big corporations in America still are reluctant to hire. In fact, they are continuing to cut back, based on recent headlines.

For starters, PepsiCo (NYSE:PEP) is considering cutting about 4,000 jobs, according to a New York Post report. Citing inside sources, the paper also said Pepsi might be reducing pension contributions to boost its earnings, too.

[Nachum]

The list, Ping

Let me know if you would like to be on or off the ping list

http://www.nachumlist.com/

[Vaduz]

Corporations in America still are reluctant to hire.

Unti Obama is out of office.

[whitedog57]

i found this on Zero Hedge:

http://confoundedinterest.wordpress.com/2012/01/05/employment-numbers-improve-sa-worsen-nsa-take-your-pick/

This economist shows that without the seasonal adjustment, the employment numbers are WORSENING!

See charts.

[whitedog57]

Nachum: I posted this above from Zero Hedge.

http://confoundedinterest.wordpress.com/2012/01/05/employment-numbers-improve-sa-worsen-nsa-take-your-pick/

This is getting ugly.

[Nachum]

Ah, good link. I like the Mercatus Center. Thanks.

[AngelesCrestHighway]

[tcrlaf]

[jakerobins]

Won’t you gentleman have a Pepsi??

[VORTAC]

Wild. Here I am eating lunch, reading the excerpt at the top of this post, and listening to Rush. He starts reading ... I am reading ... he starts reading exactly what I'm reading at exactly the same time. Word for word.

Howdy, Rush.

[central_va]

To bad the conservative hero Limbaugh wasn’t reading any stories on air about how the last sneaky congress slipped in the repeal of DADT about this time last year.