United Furniture Industries laid off all 2,700 workers while they were sleeping

Nypost ^ | 11/25/2022 | Lisa Fickenscher

[ChicagoConservative27]

A big US furniture company this week fired all of its 2,700 employees while they were sleeping, telling them in texts and emails not to come to work the next day, according to reports.

The mass firing on Tuesday by United Furniture Industries, which makes budget-friendly sofas and recliners for Simmons Upholstery, left thousands of employees including truck drivers and factory workers in North Carolina, Mississippi and California unemployed just two days before Thanksgiving.

[Chickensoup]

Moosehead furniture?

[scottiemom]

Why thank you for posting! I'm that "blind squirrel" who occasionally finds acorn.(Make that a skinny, blind squirrel.) It's great to be right for a change.

[Bubba_Leroy]

You seem to be ignoring demographics. How much of the post-2019 decline in employment is due to young people sitting around on their asses in tent encampments, and how much is due to older people simply retiring?

Nope. The employment rate only counts the percentage of the potential workforce that is employed. Children under the age of 16, people who are institutionalized and people over the age of 64 are not counted as potentially employed (under either the payroll survey or the household survey). Whether old people retire or continue to work they are not counted in the employment rate.

[VTenigma]

In other words “the death spiral”.

[Will88]

To tell you the truth, I was surprised to learn there was a furniture company that large still operating in the US that had survived to this point.

[just Grace]

It is going to be a long two years until the next election.

—-
And if the irregularities (cheating, stealing, election fraud from 2022, especially in AZ) aren’t rectified, any future elections are futile.

[rxh4n1]

How should they do it? Make the employees spend money on gas to drive to work first.

I got fired by telegram once. A guy I worked with came to work one morning and found his badge wouldn’t work at the front gate.

[sausageseller]

The word was out to truck divers not to haul their loads Monday of this week or you would get stuck under them with no where to off load.

[Alberta's Child]

Sorry for the confusion. I wasn't referring to employment or unemployment rates at all -- but to the figures in the chart you showed ... the 158.1 million employed in 2021 vs. the 162.8 employed in 2019.

And I don't know if the metric you are describing for the total workforce is accurate. The U.S. Department of Labor includes ALL people 16+ years of age who are not institutionalized as "potential workers." The labor force participation rate is computed by dividing the labor force (employed people plus those actively seeking jobs) by this overall civilian non-institutionalized population.

This means that an 85 year-old man who is retired and living comfortably at home IS considered part of the overall civilian non-institutionalized population.

I would contend that the biggest factor in the declining labor force participation rate over the years has been the rapid growth of retirees -- most of whom may have no interest in working anymore. This undercuts the myth that there are tens of millions of "unemployed" Americans who aren't included in our published unemployment rates.