– Layoffs Surge 17.6% YoY, Shale State Joblessness Soars, Initial Jobless Claims Rise (ZeroHedge, Feb 5, 2015):
It all makes perfect sense. Challenger announced this morning that layoffs in January soard 17.6% year-over-year with planned job cuts at the highest level in almost 2 years… Jobless claims in Shale states continues to trend higher as oil prices collapse… but initial jobless claims beat expectations – hovering near cycle lows – though did rise modestly WoW.
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Initial jobless claims always are in the 250-300K range.
I hope shale shuts down forever, the bastards were destroying our water supply.
Don’t blame this human unfriendly system on oil, joblessness has grown at least a million a month since 2001, when I started tracking it. It is just as bad now as it has ever been, and expanding joblessness is destroying what was once a growing economy.
The US dollar based economies of the EU are growing in irrelevance every month.
China is now speaking against the dollar and the US because they can.
The growing weakness of the US, its position in the world is evident.
Layoffs surging over 17% is the first honest number I have ever heard from these bastards. Almost 20%……..the real unemployment rate is closer to 33% than 20%, but at least they are getting into the double digits………