Note that I'm only tracking reported layoffs, small businesses do not fall under the WARN Act and their losses are invisible. Note also that typically business closures are reported as if no one lost a job!
My guess, and it is purely a guess, is that the real number is roughly twice what I've been able to track. BLS reports as if the month ends on the 13th, my hard count number for this interval would be about 76,000, if my guesstimate on the real number being twice as high is close, the BLS should report about 155,000 on January 7th...
You’re dreaming. Unemployment rate will drop to 7.2% with 250,000 new jobs evenly split between government and retail temporary/part-time. Believe me, the Bureau of Lying Statistics (BLS) can make those statistics sing a beautiful progressive song.
Hey, Nully, I’m going ice fishing Friday, screw the limits. Maybe the Mayans figured we’d need to blow off some steam ‘bout now...
And bet your bottom dollar but tax increases will deliver more layoffs and store closures. The CEO of Best Buy doesn’t make 30 dollars a year, he probably makes at least a million or so and uses that money to help the many many stores that are located internationally. Where I live, in South Florida, there is a Best Buy in three locations in Palm Beach county alone. They are all allowed to exist because of how much the CEO can keep.
Now he doesn’t need to keep these stores, and if he was taxed a little bit more than the Palm Beach Gardens store, where I work, would look inconvenient(there is a West Palm Beach location 10-12 minutes from here) and would have to lose funding because of how much the CEO has to pay. Funny thing is that there are plenty of Obamaphiles who work with me at the store and yet they don’t realize that they can be put in jeopardy with Obama’s calls for tax increases. Maybe once their store is gone and they are out looking for jobs with low hours than they’ll realize what they have done.
It looks like a growing movement, the next big thing