More Layoffs coming, folks.
Get ready. You’re head may be on the chopping block.
The nation’s employers, including some of its largest and most sturdy, announced plans yesterday to slash more than 55,000 jobs, a staggering one-day toll that highlighted how quickly layoffs are accelerating and how widely misery is spreading throughout the labor market.
That doesn’t bode well for anything if you ask me (well maybe for gov to rush in and play hero with more bailouts and further enslavement). Doesn’t look good to me when it comes particularly to production. You can only cut so much and then other areas of start to hurt and eventually you bleed to death.
Advice: Get out of debt asap.