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6.3 million people on unemployment; 15,000 People flood Phoenix Job Fair

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Uploaded by on Feb 12, 2009

U.S. Retail Sales Unexpectedly Halt Six-Month Slide
-1 percent increase
-driven by food and clothes
-economist expects it to continue to drop.
http://www.bloomberg.com/apps/news?pid=20601087&sid=aFDYAuBwkhT0&refe...

Almost 5 million in U.S. getting jobless benefits
-The Labor Department
-if you add the current 4.81 million claiming benefits
with the additional 1.5 million people
-6.3 million receiving unemployment
What about the people who don't get benefits?
http://www.msnbc.msn.com/id/29157886/

15,000 job seekers flood career expo
-Long lines formed outside University of Phoenix Stadium two hours before the opening
-twice as much as usual
-150 companies offered more than 500 jobs
-30 people for every 1 job
http://www.azcentral.com/arizonarepublic/business/articles/2009/02/12/2009021...

BorgWarner Trims 1,500 More Jobs, Has Loss on Economy
-posted a fourth-quarter net loss of $81.4 million
http://www.bloomberg.com/apps/news?pid=20601103&sid=aWDRt92.x0bg&refe...

Seattle mayor moves up projects for quick jobs
-Seattle Mayor Greg Nickels
-move up some road, utility and park projects to create more than 1,500 jobs in the next two years.
http://seattlepi.nwsource.com/local/6420ap_wa_seattle_jobs_stimulus.html

Virgin Atlantic eyes 600 job cuts
http://news.bbc.co.uk/1/hi/business/7886282.stm

Pioneer plans 10,000 job cuts, closing TV business
-global workforce affected
http://www.marketwatch.com/news/story/Pioneer-plans-10000-job-cuts/story.aspx...{CCB2DB33-36A5-449F-AFEE-469173F108F7}

Greenbrier to reduce work force by 150 jobs
http://www.forbes.com/feeds/ap/2009/02/12/ap6043488.html

Terex falls to 4Q loss, plans massive job cuts
-$421.5 million loss in the fourth quarter

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  • Smart brother--real quick--if you worked for chrysler....would you ride it out or take the buyout? even if u would get 2 1/2 years of unemployment and 24k for school if you stayed...vs..$47k cash--$24k for school & $25k for a car. U seem to know alot about the economy, just wanted to pick your brain(use it-lol)

  • I don't offer financial advice, but if I worked for Chrysler (and was union), I would ride it out. Maybe you can get into an engineering program at a university.

    The car is useless. Nobody is buying cars or trucks. If they give you 25k for something move useful, that might help.

  • If you ride it out, you can't get unemployment. Why not let the feds bail Chrysler out a couple more times...keep you employment for a year or so, collect unemployment for 2 or so years and use the 24,000 to for engineering classes at a community college. Then you can use the money you save and Obama's stimulus money (education expansion) to pay for the last two years at a university.

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  • i had no misconceptions about schooling and a job. there was never any connection to me. still i went to college full and part time for almost seven years to receive an aa degree. i spent the next 33 years in retail which was always a safety net when there was no real jobs. i watched the end of good jobs in retail but the clues started in the seventies. now its no longer a safety net - its for desperate slaves and abusing mgrs. they does not intend to pay a living wage.

  • Jan 1 2011, it get's worse from here folks, buckle up. Bumpy ride doesn't even begin to describe it!

    It won't be forever, but I'll tell you what, it's going to hurt on the way down.

  • you come round clean my tolite i give you 50 bucks what no jobs dumb ass american

  • @kingkong3601 Yep, you are right, maybe it IS slavery... But maybe you should wait till you've compared notes with somebody who has ACTUALLY been a slave before you decide who is better or worse off. Personally, I wouldn't mind busting my gut every day as long as I had a degree of security - not having to worry about paying the bills, what'll happen if the recession gets worse etc. There's nothing more terrible than being constantly uncertain about the future.

  • @kingkong3601 I seem to be hearing a lot of stories about people who are getting asked (or told!) to continue working the same hours at the job, for substantially reduced pay, or working fewer hours, with still reduced pay. I myself have recently had 10% taken off my pay-rate... for no discernible reason! (P.S. I was bottom minimum wage to begin with, so that's *technically* illegal.) What I want to know is, why aren't we hearing about any bankers who are getting the same treatment? Huh???

  • i think if u not working u should tidy your room and close the cupboard doors in case someone gets hurt.

  • I'm sure you can get a job in a chicken shop.

  • Between September 2007 and may 2009 it accually cost me $28,000 to work at my old job. This is all while living in a tiny one bedroom apartment. Thats not work it's slavery. No I take that back, it's worse than slavery. At least slaves don't have to pay to be slaves. What a sorry state we are in as a society.

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