Sunday, December 14, 2008

100,000+ Job Cuts

December Layoffs Exceed 100k
The second week of December was another brutal one for jobs, as Bank of America and at least 20 other companies announced more massive cuts. "The recent news does not bode well," said Rich Yamarone, director of economic research at Argus Research. "This is the reason it's going to be the longest recession we've had in post World War II history."

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