Each Week's Claims have a list of 1000 or more layoffs. There were 12 states with 1,000 or more lay-offs in the construction or manufacturing sector.
Earlier in December we saw a ton of 1,000+ layoffs in construction.
We don't have a trend yet, but we're getting nearer to a nasty upswing. That makes tomorrows employment report very important. Aside from the macro-number, look at the subparts -- especially manufacturing and construction.
Also, we'll have to watch these figures in the coming weeks to see what February's number looks like.
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I have a friend who works at a Wally-World warehouse and her hours were drastically cut this week... she doesn't know when they will need her back for steady work.
With the amount of goods they move on an average week it's incredible that things are slowing down so rapidly.
U.S. Dec. residential construction jobs down 16,000
total construction jobs only down 3,000. Strong non-res is offsetting weak housing. Manufacturing dropped 11,000. Nothing to see here.
Total payroll employment up 167,000 along with a nice boost in average wages. Couldn't ask for a better report.
Bonddad, you seem to becoming more optimistic in recent weeks. Does this employment report push you over the edge?
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