August 1, 2006


Slowing economy? Not in the job market.: If robust hiring continues, the Fed may opt to raise interest rates next week for 18th straight time (Ron Scherer, 8/02/06, The Christian Science Monitor)

Tuesday, Challenger, Gray & Christmas reported that planned job cuts in July amounted to 37,178, a drop of 45 percent from June and the lowest July job cut in six years. The Chicago-based company says that job cuts for the year may well be under 1 million for the first time since 2000. [...]

The low layoffs suggest the job market may still be "pretty tight," says economist Robert Brusca of FAO-Economics in New York. "In fact, we have a shortage of low-paid workers but a surplus of high-paid jobs at places like GM, Ford, and Delphi."

Only the nativists love America enough to push it into the Depression we need....

Posted by Orrin Judd at August 1, 2006 6:56 PM
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