Mass Layoffs by U.S. Manufacturers Surge in January


Tuesday, February 23rd, 2010

By definition, a mass layoff in the United States is those job cuts that involve 50 or more workers from the same company. Those types of events increased by 35 in January 2010 to 1,761, according to data released.

This is odd in that it has been asserted by government officials that we're on the edge of new jobs being created in the U.S. economy. That doesn't seem likely in the light of the real numbers and not just wishful thinking by politicians.

I believe the reason for the discrepancy is that companies were replenishing supplies, as I've mentioned before here, and those needs have probably been met in general, so as expected, the manufacturing jobs to produce them are no longer needed. At least that would be part of the reason for increase in mass layoffs.

The fact that there was an increase in mass layoffs shows there is a decline in demand for products; it's as simple as that. So that means in a number of industries people and companies are tightening up again.

My view and the data so far seem to confirm it, is there is nothing in the numbers that confirm we're on the verge of jobs being created in the United States any time soon.

In the manufacturing sector, there were 486 mass layoffs in January, with the consequences of 62,556 workers filing claims for unemployment.

I think one reason officials believed there was going to be an increase in jobs creation was because mass layoffs had been receding since August, giving the illusion that things had turned around. But, again, it's the replenishment which was the major factor in the mix, not a real and sustainable change in the economy.

Since the latter part of 2007, jobs in the United States have been lost to the tune of 8.4 million.

Over the last 26 months, the Labor Department says mass layoffs have been at a huge 53,739 during that period of time to January, with 5,425,101 workers losing their jobs as a result.



Article by Gary B

The views expressed are the subjective opinion of the article's author and not of FinancialAdvisory.com



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Tags: labor department, layoffs, mass layoffs, us economy, us manufacturing,

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Comments:

Gilda (February 28, 2010 4:40 AM)
You need to accept that there is a conspiracy to reshape the world for a one world government, privatisation happened everywhere at once, and now unseen private equite firms own whole utilties for many countries, the individual countries have to be bankrupted, deliberately, to allow the new world bank to call the shots, soon the US and UK will be on the receiving end of IMF style instructions. Its been going on for centuries but your Fed is a key player of your ruination.
wowbobwow (February 25, 2010 8:10 AM)
When will the US people pull their collective heads out of their @@S. Just keep buying overseas junk and all the jobs will go to Japan or who ever under cuts them. What a great system. What a great country> Flag waving retards
wowbobwow (February 25, 2010 8:09 AM)
When will the US people pull their collective heads out of their @@S. Just keep buying overseas junk and all the jobs will go to Japan or who ever under cuts them. What a great system. What a great country> Flag waving retards
wowbobwow (February 25, 2010 8:09 AM)
When will the US people pull their collective heads out of their @@S. Just keep buying overseas junk and all the jobs will go to Japan or who ever under cuts them. What a great system. What a great country> Flag waving retards
DixieDestroyer (February 24, 2010 9:36 PM)
We can that the Globalist Elite's puppets on "Crapitol sHill" for much of this massive Depression. The DC traitors are pawns of the Central Banking Cartel's (private) Fed & their fiat currency and fractional reserve banking. Add in the crooked Bank$ter's NINJA loans, the allowance of the outsourcing of the U.S. manufacturing base (via NAFTA, CAFTA, etc.), and mass insourcing of H-1B visa foreign workers (stealing American jobs)....and the collapse of the Republic appears imminent. http://www.anunews.net
VivaLaMigra (February 24, 2010 4:29 PM)
The Elites want you to work for 35c an hour - what they're paying the Chinese. At most, you'll get 65c an hour...what the Mexicans are getting. To achieve this they have to destroy the US economy adn the value of the dollar. Your "federal mininum wage" of $8 an hour will be devalued by a factor of ten or more.
ffrankk (February 24, 2010 2:18 PM)
When will the word recession morph into the word depression? I think just changing the word, or telling the truth, will spur the politicians to work together to get out of the mess we are in..But no, our society cannot stand the truth, especially our MSM who has failed us miserably and contiunes to focus our attention on who screwed who..
Larry (February 24, 2010 2:13 PM)
Why is our government STILL bringing in 1.5 MILLION foreign workers a year? http://www.americanworker.org/
Hans Schneider (February 24, 2010 2:08 PM)
for the last 25 years plus US jobs were exported to China and no one gave a damn about. that. Everyone bought the junk that came from there and noone cared. No its is time to pay the piper. Unwarranted wars is the other side of the coin. Stop fighting Israels wars.
Admin (February 24, 2010 1:25 PM)
Well what can be done?, it is a dire state for many people. Ive put some analysis together on what we could actually do http://www.financialadvisory.com/article/24-02-2010/689/finding-us-employment-and-healthcare-reform-solutions/
robertsgt40 (February 24, 2010 1:14 PM)
How about those "green shoots"? I thought happy days were here again. And Obama says he's going to increase exports? Oh. I get it. He's going to continue exporting manufacturing jobs. Way to go BIG O. Got to look at the bright side. When we manufacture nothing, the first ten jobs to come back can be billed as "Huge Increase In Domestic Maanufacuring"
NotoriousRoscoe (February 24, 2010 11:49 AM)
A mass layoff after so many layoffs is a deep cut. Employers have already laid off huge numbers of people, so the percentage of the workforce they cut in such a layoff can be much larger than the original layoff in the same company.
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