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Job losses continue with no end in sight
January 26, 2009 by Ross Runkel at LawMemo
This is a recession, folks.
During 2008, 2,600,000 jobs were lost.
December's unemployment rate hit 7.2 percent.
In just the past few days, these job losses have been announced:
- Microsoft: 5,000
- Intel: 6,000
- Pfizer: 8,000
- Sprint Nextel: 8,000
- Home Depot: 7,000
- General Motors: 2,000
- Caterpillar: 5,000
And there are more I haven't listed, and more to come.
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