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I guess you missed the unemployment numbers last week.
Closer to home, NY publishing industry: "180 Fired At Conde Before General Layoffs Start"
people really need to read the stuff they post.
While the news is encouraging, experts say it will take a lot more to see a major improvement in the current 9.8 percent unemployment rate: “You still have a massive overhang of workers looking for work,” says.
Seeing an improvement, he adds, would require firms making new hires, too, “but we’re not seeing that yet.”
but yes, it's nice that at least some people will be returning to their jobs while we complete the mother of all inventory corrections. afterwards, who knows?
our gov was on CNBC this morning saying the real rate of unemployment in NY is 17%. But who would say he is a reliable source?
I saw Governor Magoo McPaterson this AM also.
Is there extrernal immutable reality that the human preceptual system can deliver to a waking conscientious? The flip side is...what the heck do you think. Read between the lines! The Media machine and your national government want you to think, no..., BELIVE that is is right with the world and if you belive hard enough...it true! Give it a try, it works! We will start with an easy one....ready?
Close your eyes and belive in a supream being who upon your death in the here and now will welcome you to either a cloud like Disney Land or a hell like Studio 54. Either way, just by the act of belief you are magicly released from the fear o death. So the 'end' which seems so scary and final is just a transition stage on the way to the either.
Close your eyes again and belive you are a masterful lover. This was much easier in the time before readily available pornogrophy. To be single and successful with the fairer sex this 'belief' is an essential componet and, in most cases much less likely than the governments claims that we are out of the woods. Again, the belief is essential componet of the success.
all is right with the word......................damn that phonics.
falco, please tell me that your native language doesn't use the Roman alphabet.
As for what you wrote, I guess I'll have to wait for the movie to come out to be able to figure it out.
You government has a plan and it's at work right now.
Start wishing, start praying, start believing. If we all put our heads together we can wish this thing away. Remember that Twilight Zone episode with Billy Mummy, the adorable red head from 'Lost in Space' who demonstrated his acting chops as the scarry kid with those spooky powers?
Come on Anthony, wish that bad economy into the cornfield.
sorry alan, fast crappy typer with a bad spelling history and no proof reading...I'm a mess.
And I'm calling the Gov. Magoo!!
Yeah- the article provided two anecdotal examples as proof that companies are rehiring- one company that got a large contract from the GOVERNMENT. And the other, GM, which benefitted from the temporary cash for clunkers program and decided that the market had turned a corner. Yeah, unemployment has been solved.
Is SteveF's goal to look stupid? I'm stsrting to think so.
He just lines these up, and pretty much any other poster can hit it out of the park...
New York Times Cuts Another 100 Newsroom Jobs
go stevef, go!
AP Staffers Freak Out As Layoffs Loom
"In the New York city bureau, where the once-booming national desk is virtually empty due to regionalization of edit staff, the brass further trimmed the head count -- and thus, the budget -- with a voluntary retirement program and layoffs on the editorial and administration sides."
For the week ended Oct. 24, jobless claims totaled 530,000
Forbes Layoffs Being Done Today (10/28/09)
"No specific number could be determined, and even the company PR doesn’t know the exact number, but total estimates have been reported to be about 100"
Time Inc. Layoffs Begin at Sports Illustrated
"The executive estimated the total number of layoffs as being between 400 and 500 people. The largest percentage of layoffs are expected to come from the news division, which includes Time, Fortune and Sports Illustrated, this executive said."
The publishing industry: death by a thousand cuts.
johnson and johnson's hiring like crazy
anyone look at employment numbers today? i didnt see any rehiring
Ubottom: "johnson and johnson's hiring like crazy" Is this the healthcare J&J? Because:
"updated 3:05 p.m. ET, Tues., Nov . 3, 2009
NEW YORK - Johnson & Johnson said Tuesday it will cut up to about 8,000 jobs and streamline its operations in an effort to cut costs as it braces for changes in the health care industry."
Fortune small business just closed down... more layoffs.
> johnson and johnson's hiring like crazy
If ub is trying to be funny, great job.
If he's not... are you on crack?
sorry i assumed some on this site consume news occasionally
because you're looking to get your news from us? what would you like us to report to you on.
its not raining right now.
somewhere, irony. find it. embrace it. recognize it. you even sometimes use it yourself.
Deutsche Bank had a round of lay offs today, likely more to come...
NY area impact, this is a follow up on the 400/500 overall Time layoffs.
"Time Inc. laying off 280 NY employees.
Time Inc. filed a state WARN notice of plans to layoff an estimated 280 people by the end of January."
"Unemployment hits 10.2%
The unemployment rate spiked to its highest level since 1983, much worse than expected as employers continue to trim jobs despite other signs of growth."
StevF = biggest idiot to ever step foot in NYC.
"The U.S. unemployment rate may rise to a post-World War II high of 13 percent in the aftermath of the recession, said David Rosenberg, chief economist at Gluskin Sheff & Associates Inc. in Toronto. "
> StevF = biggest idiot to ever step foot in NYC.
Starting to think he doesn't actually live here.
Him, perfitz, and alpo, all in Jersey.
Sprint to Cut as Many as 2,500 Jobs; Stock Gains (Update2)
Nov. 9 (Bloomberg) -- Sprint Nextel Corp., the third- largest U.S. mobile-phone carrier, will eliminate as many as 2,500 jobs to reduce costs after losing subscribers to rivals.
The companywide action will bring savings of at least $350 million annually, Overland Park, Kansas-based Sprint said today in a statement. Many of the job cuts will be completed by the end of the year, it said.
The cuts announced today would bring Sprint%u2019s total this year to at least 10,000. The company has lost more than 2 million customers in the 12 months through September as AT&T Inc. and Verizon Wireless gained market share with new models of Apple Inc.%u2019s iPhone and Research In Motion Ltd.%u2019s BlackBerry.
%u201CWith the struggles they%u2019ve had, they need to align their cost structure with the size of the business,%u201D said Christopher King, an analyst at Stifel Nicolaus & Co. in Baltimore. He has a %u201Chold%u201D rating on the shares and doesn%u2019t own any.
The job cuts represent as much as 6 percent of the 42,000 employees at the company at the end of the third quarter, said James Fisher, a Sprint spokesman.
%u201CThe labor cost reductions are the latest action in the company%u2019s efforts to make its cost structure more competitive in the industry and to remain financially secure in a challenging economic environment,%u201D Sprint said in the statement.
The U.S. unemployment rate jumped to 10.2 percent last month, the highest level since 1983, the Labor Department said on Nov. 6. A total of 7.3 million jobs have been lost since the recession started almost two years ago.
Those are $140K (all-in) jobs on avg.
I'm sorry sprint... I just took my mom over to ATT.... make that 2,000,001 customers.
Electronic Arts Plans 1,500 Job Cuts After Second-Quarter Loss
Nov. 9 (Bloomberg) -- Electronic Arts Inc., the second- largest video-game publisher, plans to eliminate 1,500 jobs and close several facilities after reporting its 11th straight quarterly loss.
The maker of “Madden NFL” reported its second-quarter loss widened to $391 million, or $1.21 a share a share, from a loss of $310 million, or 97 cents, a year earlier, according to a statement today. Excluding some items, Redwood City, California-based Electronic Arts posted a profit of 6 cents in the period ended Sept. 30, missing the 10-cent average estimate of 18 analysts surveyed by Bloomberg.
The actions will result in restructuring costs of as much as $150 million and savings of at least $100 million annually, the company said. Chief Executive Officer John Riccitiello has pushed to restore profitability by cutting jobs, closing development studios and focusing on fewer titles with greater revenue potential. Industry sales are down 13 percent this year, according to researcher NPD Group Inc.
“EA is still a company in transition,” Colin Sebastian, an analyst with Lazard Capital Markets LLC in San Francisco, said before the results were released. “They’re going through a fairly large restructuring in a tough industry right now.”
Electronic Arts gained 49 cents to $20.02 in extended trading. The stock added 53 cents to $19.53 at 4 p.m. New York time in Nasdaq Stock Market trading and has advanced 22 percent this year.
Second-quarter sales rose to $1.15 billion, compared with the $1.14 billion projected by analysts. Retail sales of the “Madden NFL” football game, released on Aug. 14, were down 13 percent through September from a year earlier, according to NPD, which is based in Port Washington, New York.
Today, the company purchased Playfish Inc., a maker of games for the social-networking sites Facebook Inc. and MySpace, for as much as $400 million. Electronic Arts, which also made acquisitions to boost development of mobile games, has 9 of the top 25 grossing applications for Apple Inc.’s iPhone.
“There is a big chunk of revenue and growth opportunity outside of the regular console market,” Sebastian said.
Pfizer trimming research plants after buying Wyeth
"The plan, announced Monday (Nov 9), will bring the closure of six of the two companies' 20 research facilities, reorganize and consolidate others, and cut the jobs of up to 2,000 scientists and laboratory technicians."
What this means to NY Tri State area?
"Sites Being Closed (all Wyeth facilities):
- Princeton, N.J.
- Chazy, N.Y.
- Plattsburgh/Rouses Point, N.Y.
"AOL Begins Layoffs; 100 To Be Let Go Today" (Nov 10, 2009 9:05 AM ET)
in the midst of the downer news you morons are posting, there is also news recently of some of the largest acquisitions - actually googles 3 rd largest of all time, and a top 5 largest from EA announced yesterday. One of these purchased companies is a friend of mine's and he is walking away with several hundred million.....
There is alot of exciting and good news breaking - along with the bad.
Like I said over a year ago and you morons jumped on me - "fortunes will be made in this recession you just have to vision and balls..." which most of you nancies lack...
EA's deal will be great for a few people, including your friend, maybe he'll buy a couple of your slums. M&A eliminates a lot of jobs. But it can lead to increased efficiency, so there is that.
Aboutready you have no vision and we know you have no balls...We also know that soon you may be getting evicted and have no home...alas the fate of the renter is in the hands of the owner
thanks for the warm & fuzzies, petro. luckily i have plenty of cash and the rentals are ripe for the picking, so i'm not exactly trembling with fear.
balls are overrated.
jobs, however, are quite useful.
Tuesday, 11/10/09, 10:00am ET
"Unemployment likely will remain high for the next several years because the economic recovery won't be strong enough to spur robust hiring, Federal Reserve officials warned Tuesday."
"The cautionary note struck by the presidents of regional Fed banks in San Francisco and Atlanta were the first public remarks of Fed officials since the government reported last week that the nation's jobless rate bolted to 10.2 percent in October. It marked only the second time in the post-World War II period that the rate surpassed 10 percent.
In separate speeches, Janet Yellen, president of the Federal Reserve Bank of San Francisco, and Dennis Lockhart, president of the Federal Reserve Bank of Atlanta, warned that rising unemployment could crimp consumers, restraining the recovery. Consumer spending accounts for about 70 percent of economic activity."
Petrfitz: sincere congratulations to your friend.
pulaski - does your pussy hurt? Stop being paralyzed by fear, get off your ass and go make somethign happen. Posting bad news all day long will not lead to accomplishing anything in your life (aside from becoming a downer i think i know everything tool like Steve and NYC10022)
"JP Morgan To Hire 1200 Loan Officers"
by the end of 2010.
by the end of 2010.
Actually we will probably see an uptick in layoffs this month as the Scrooge factor (christmas bonuses) is a motivator in any economy condition year.
The amount of Jan/Feb chapter 11 filings should be interesting this year as well.
The new positions will be spread across bank branches in 23 states including California, Florida and Texas,
wow, you know things are bad when stevef has to reach THAT much for mediocre news...
There was some positive news in the jobs report:
- The payrolls for August & September were revised upwards 91,000
- temporary workers added 34,000 jobs / first positive move here and this is a leading indicator of job growth
- UE for those with a college degree declined from 4.9% to 4.7%
- UE for those categorized as management, professionals and related occupations declined from 5.2% to 4.7%
This doesn't mean the good times are here, but there was a bit of good news mixed-in and that is how the next few reports will be as it starts to turn positive.
Perfitz, I'm sorry you lost what little money you had with your lousy RE "investments"... but screaming at me won't fix it.
Perhaps you need to go back to your street cleaning job. You still have the stick, right?
btw, still waiting for you to admit you totally pooched that "manhattan RE will go up 15% this year" prediction. You are by far the dumbest of all predictions on this board...
are the november numbers out yet? no.
Will they be closer to my up by 10-15% YOY or closer to your prediction of down by 50% YOY?
Hey, douche... you made your prediction for Jan 2009.
You were already proven stupid. You've been 100% wrong for months already....
and then there was the "by spring" prediction. Doesn't get more stupid than that!
You're a blueprint to everyone who wants to lose all their money!
"Adobe Plans to Cut 9 Percent of Its Global Workforce"
"Adobe Systems Inc., the world’s biggest maker of graphic-design programs, plans to cut 680 jobs, or about 9 percent of its global workforce, as the company copes with a lingering sales slump."
Here is another genius one...
"you will see apartments up 10-15% YOY by mid fall"
(unless apartments go up 50% in the next 30 days, lets call that another WHOOPS)
well, i think we can officially call steveF a moron again...
Job openings remain close to record-lows
Job openings stuck near record-lows as companies hesitate to hire despite recovery
"Current TV Staff Suffer A “Major Bloodbath” As 80 Employees Lose Their Jobs"
Nov 11, 2009 "Layoffs took place in Current’s San Francisco, Los Angeles, London and New York offices"
"Applied Materials To Cut Jobs As 4Q Profit Falls"
"(AMAT) plans to cut up to 1,500 jobs, or 12% of its total work force, as the chip-tool maker posted a fiscal fourth-quarter profit: its first in a year."
"Initial Jobless Claims in U.S. Fall to 10-Month Low"
"Initial unemployment claims fell by 12,000 to 502,000 in the week ended Nov. 7, the lowest level since January, Labor Department figures showed today"
"Firings may slow as the loss of 7.3 million jobs since the recession began in December 2007 probably means many companies have already cut staff to bare minimums."
"McDonald's: 1,000 new restaurants in 2010"
"McDonald's plans for 150 new U.S. locations"
"New York Times to lay off news service workers"
"The New York Times News Service, which repackages Times stories for other media outlets, is laying off up to 25 employees.
The New York Times newspaper reports that those cuts don't count toward the 100 newsroom jobs the Times plans to eliminate by the end of the year."
AOL follow up, another 1000 layoffs through 2010, $200mm restructuring charges.
I'm starting to feel for SteveF the moron a bit... just TOO EASY!
"Job numbers spike in Bronx"
"Employment growth was spread out across the sector in the Bronx, with the largest gains (8.2%, or 1,190 jobs) in ambulatory health care services and social assistance (7.9%, or 1,591 jobs).
Unemployment in the Bronx, at 13.3%, is still higher than any borough in the city, since many borough residents work in Manhattan, which saw an employment decline of 3.6% in the first quarter."
"The BLS report also included a detailed look at wages across the city. Crain's previously reported the 23.4% drop in average weekly wages for workers in Manhattan, to $2,149—the largest decline in the nation. Financial sector salaries were the driving factor, falling by more than $3,000 in the first quarter to $6,379."
"Manhattan was hurt by a steep decline in Wall Street bonuses, but the other boroughs all saw wage decreases as well."
Followup from two weeks ago:
Nov. 17, 2009, 11:43 AM - "Layoffs are happening now at The Associated Press, sources say."
"BusinessWeek Under Bloomberg: About 100 Staff To Be Laid Off"
so pulaski we all now know that you are a terrified little man who is afraid that your skills and abilities wont get you a job in a tight market. You should stay in your apartment and never leave as you dont have the balls to be successfull.
Fortunes are being made in this market and all you are doing is posting bad news about company's with old school business models that didnt adjust to todays economy laying off employees that should have been laid off years ago
"Yahoo Shutters Right Media International, Firing 12"
"As it re-brands its Right Media Ad exchange, Yahoo is also shutting down the entire Right Media international team..."
vornaise, how lovely. tell that to the 10.2% unemployed. it's simply not true that for every layoff there's a new hire. bullshit.
btw, i'm fairly certain bloomberg announced layoffs recently. keep up.
what system are you talking about? i'm just pointing out that your assertions are bullshit. i have no answers. and sadly, i haven't heard any that resonate.
again, what system do i "have"? what system do we "have"? what system do you "have"? if you call this capitalism, then you haven't studied economic and political systems with any rigor.
you want to know what should f'ng frighten you? this. when local and state governments, education, and health care start cutting jobs you should really, really worry.
my husband is a managing partner at a law firm (DMV, how classist of you, DMV provides a valuable service and the wages seep into our society). i stay at home and waste significant amounts of time amusing myself here. i'm also writing at least one book, possibly two although one isn't going so well.
and if you'd spent any time here at all, you'd know that aboutready is a handle i selected years ago, not relevant today as i'm a market-rate renter at PCV who hope to become free-loading scum adding to the burden of the poor landlord soon.
point out a system i prefer? how can I? we've exported our noxious values far and wide.
vornaise, you clearly lie. a new name for an old poster? and give me a break. you see something positive in the jobs situation? you're at best an insensitive moron, at worst an insensitive asshole.
vornaise, i'm not "aboutready" any longer. that's my point. i'm not in the slightest bit f'ng ready. but i respect the decisions of others. unlike you.
and in the meantime until i think the economy has stabilized i'll happily pay less than 10% of our take home pay for a rental that is perfectly nice.
wow, i'm feeling uninformed. and i've owned four properties, and still own one.
And for every Yahoo layoff, there's a new hire by a growing, innovating company
right now that's a lie. no one needs a cheerleader, go talk to your french bulldog.
do with what? and why? if you can convince american companies not to outsource everything but medical care you're a magician. and even medical jobs are being compromised. get you head out of the f'ng sand. there are close to zero incentives for companies to invest in the US. pensions, health care, lack of education. some great f'ng system we have.
the economy is miserable, i am lucky. wow, you can't possibly envision someone who is high income realizing that the economy sucks for most people? or that even if one is in a high income environment one might realize that many of one's friends and loved ones are at risk?
and btw, that economy sucking for most, it really could affect the high income earners down the road.