Employers shedding jobs as recession deepens

[weblord]

WASHINGTON – With the economy sinking faster, employers are giving more Americans dreaded pink slips right before the holidays.

The Labor Department releases a new report Friday that's expected to show the employment market deteriorated in November at an alarming clip as the deepening recession engulfed the country.

http://news.yahoo.com/s/ap/20081205/ap_on_bi_ge/financial_meltdown

 

[Chef Patrick]

This is really a shame. A good friend of mine just got laid off two days ago. He has been there maybe three to four years, they only gave him five weeks severance pay. I really hope this is enough time for him to find a new job. He's in the IT field, most of those jobs are being or have been outsourced overseas.

 

[weblord]

it's like saying he has still five weeks or less to find another job.

they only gave him five weeks severance pay

 

[Chef Patrick]

it's like saying he has still five weeks or less to find another job.

exactly, figure he has three, they usually tell you to start in two weeks. this is not the best time of the year obviously.

 

[GILSAN]

Todays figures show payrolls plunged by 533,000 in November bringing the
jobless rate to a 15-year high of 6.7%. Much higher than the expected 350.000. Almost 2 million jobs lost in the past year or so. These are truelly stunning figures.

Where's Joe the Plumber? I'm sure he can do a better job than Bush, Paulson, Bernanke & Co.