On the heels of the "308,000 new jobs created in March", corporate America has been displaying its rapier sense of irony. In the past five business days…
Gateway – closing all retail stores, cutting 2,500 jobs
Sun Microsystems – 3,300 layoffs announced on Thursday
Bank of America – 12,500 management-level positions eliminated today
Thomson – 600 research & development jobs eliminated
SBC Ameritech – 4000 layoffs announced in December begin taking effect
IBM – 4700 layoffs announced in early January begin taking effect
Todd Pacific – nation's largest ocean shipping company fires 500
Washington Mutual Insurance – 200 more layoffs bring their total since August to 7,400
Raytheon – makers of the Patriot missile can 72 administrative workers effective April 1
MCI Telecom – Announce 4000 layoffs, blaming "do-not-call" lists for reducing call center staff
Lockheed Martin – 45 administrative layoffs, effective immediately
Axicom Database Solutions – 230 jobs terminated, tipping the balance for the company's overseas workforce (6,430) to outnumber the domestic (6,388)
Wayne County – Detroit, Michigan announces off 2300 city employees, including 900 public school teachers, will be laid off effective July 1.
Mellon Financial Services – 300 jobs moved from Everett, WA to India. Everett city leaders investigating the possibility of suing the company.
Kraft Foods – announce that 400 Niles, IL factory jobs will be eliminated on January 1.
Johnson Controls – manufacturing giant announced that 1,065 factory jobs in Kentucky and Wisconsin will be moved to Mexico in July
Steelcase Inc – world's #1 office furniture manufacturer eliminates 9,300 jobs worldwide
EMI Records – 1500 jobs eliminated, including Jacksonville, IL manufacturing facility
That's IN THE LAST FIVE FUCKING DAYS, PEOPLE.
But you would be a fool, and possibly a terrorist, to overlook the tremendous gains the economy made in the crucial "grocery baggers returning to work after a strike" and "migrant fruit pickers" industries, which collectively "created" 203,000 jobs during March.
See, all that matters is the aggregate number of jobs, you silly pinko. If a million people lose a million well-paid jobs but the economy responds by creating a million menial, service-industry, minimum wage, no-benefits jobs, then we didn't really lose any jobs at all.
Oh, and here's one of the links (along with cnbc.com) that provided this information.
Have a nice day.
Krang says:
The economy is doing fine.
The economy is doing fine.
The economy is doing fine.
The economy is doing fine.
The economy is doing fine.
The economy is doing fine.
The economy is doing fine.
The economy is doing fine.
The economy is doing fine.
The economy is doing fine.
The economy is doing fine.
The economy is doing fine.
-A page from George W.'s new book, "Repeat after me, the economy is doing fine, so reelect me!"