Job Loss Trend Dismal

Friday, May 02, 2008 | 11:45 AM

Today's chart porn will be the second to last of our Employment related posts:

Gail Dudack's Research Group was kind enough to give us permission to run this chart she created back in April of this year (its subscription only, and hence a month delayed). 

She notes that "Job losses in construction, manufacturing, trade-transportation & utilities, professional & business services, financial activities and information technology are overwhelming the gains seen in education & health services, government, leisure & hospitality, mining and other services."

Even worse, 2008 measure up very poorly with any of the prior 7 years:

Comparison With Recent Years Is Less Than Encouraging For 2008
Source: Dudack Research Group, April 11, 2008

Note: the title of this post is not mine -- it came from the original version of this published at Welling@Weedon . . .

Friday, May 02, 2008 | 11:45 AM | Permalink | Comments (9) | TrackBack (0) add to | digg digg this! | technorati add to technorati | email email this post



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Thought I was done posting for the day but couldn't resist this one...

Sen. Clinton criticizes Exxon Mobil selloff

Exxon Mobil’s (XOM) latest numbers continue to draw scrutiny. Exxon posted a 17% rise in first-quarter earnings, to $10.9 billion, or $2.03 a share, as the company benefited from the rise in energy prices.

But shares fell 3% in afternoon trading, as the numbers missed Wall Street’s expectations and investors worried about an unusual production decline.

Sen. Hillary Rodham Clinton indicated in an afternoon statement from her presidential campaign office that she’s enraged by the implication of Thursday’s selloff - that Exxon isn’t making enough money.

“There is something seriously wrong with our economy when Exxon’s record $11 billion in quarterly profits are seen as a disappointment by Wall Street,” Clinton said. She went on to use the company’s latest gains to reiterate her call for a gas tax holiday — a proposal has been criticized by economists who say it won’t result in lower prices for consumers. “I believe we should impose a windfall profits tax on big oil companies and use that money to suspend the gas tax and give families relief at the pump,” Clinton said.


Posted by: Vermont Trader | May 2, 2008 12:01:35 PM

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