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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: stomper who wrote (323)8/25/2001 7:01:52 PM
From: TimetobuyRead Replies (2) of 306849
 
If a company announces a huge layoff they cannot just lay people off that quickly. It takes time. Maybe even months. We probably will see it climb as more people get their pink slips.

Some probably find other jobs before they get the ax and leave thus the intended layoffs might not even reach their projected numbers.

Some of those lay offs are closing of open requisitions and early retirement. Those don't add up to higher unemployment.

Some will get temporary jobs or go to other industries.

Some people may have had two jobs and can't file for unemployment.

Some of these companies may be using their announcements as incentives to get their employees to work harder or please wall street which likes to hear that management is keeping costs under control.

Some workers may be on foreign visas and are going back to their own country.
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