401K money flowing ,,??
biz.yahoo.com
THe Fed has been lieing it's rear off, hamburger flipping jobs
don't have 401k plans.
And what about that over half a million lay offs, and even more
early retirement..soon to come out flows from 401Ks..
some body better wake up. Every where I look I see job cuts,
except for the low paying areas, with no benefits.
Keep in mind a lot of these are not entitled to unemployment,
as they get severance packages, ( but that don't help 401Ks
worth a flip ), it just the skews Fed unemployment figures
to were things look better than they are.
And no mention of the oil field service cuts yet, but believe me
they are happening.
dailynews.yahoo.com
biz.yahoo.com
Furniture Retailer Cuts Back - (BOCA RATON) -- The nation's third largest furniture retail chain is announcing drastic cutbacks and layoffs. Boca Raton-based Levitz Furniture is closing more
than a third of its 90 stores, including all six in Florida, and 25 of its 42 warehouses. It is also announcing the layoff of 25-percent of its workforce affecting about one-thousand people. Levitz
has been operating under Chapter Eleven bankruptcy protection since last year and says the store closures and staff cuts will help return the company to profitability.
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dailynews.yahoo.com
Unemployment Rate Up - (ALBANY) -- November's unemployment rate in the state is up...higher now than the national average. At five-point- one-percent... it's a point higher than the national
figure. New York City has the highest rate at seven-point-six. Putnam County, with two-point-three percent, is the lowest.
Cities Show Job Losses - (SPRINGFIELD) -- The bigger cities in Illinois have seen their unemployment rates edge up recently. The latest report from the state Department of Employment
Security touts the fact that the jobless rate went down in many areas as compared to a year ago. But a closer look shows the unemployment rates in nine-out-of-ten of the state's metro areas actually
increased in the past month. The Kankakee area was the only one to show a slight drop in the jobless rate from October to November of two-tenths of one-percent.
Calhoun County Tops Jobless Figures - (CHARLESTON) -- November's county-by-county unemployment figures are out. The state Bureau of Employment Programs says Calhoun County has the highest jobless rate, 15-point- four percent. Wirt County is second and Mason County third. The county's with the lowest jobless rates are in the eastern panhandle... Pendleton, Morgan and Jefferson counties.
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If we do get a squirt up in the market good, but look out when
she does fall.
Jim
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