Mass Layoffs

February 2010 Summary

Employers took 1,570 mass layoff actions in February that resulted in the separation of 155,718 workers, seasonally adjusted, as measured by new filings for unemployment insurance benefits during the month.

Each action involved at least 50 persons from a single employer.

376 mass layoff events were reported in the manufacturing sector, seasonally adjusted, resulting in 43,100 initial claims.

Remember the Bailouts for Investment Bankers, International Bankers, National Bankers, Local Bankers, Mortgage Brokers (where's Lee Farkas?), Vehicle Manufacturers, and now Federalization of Health Care, when you vote in 2010.

The manufacturing sector accounted for 24 percent of all mass layoff events and 30 percent of initial claims filed in February 2010.

Generally speaking, unemployment rates were higher in January than a year earlier in 363 of the 372 metropolitan areas tracked by the Bureau of Labor Statistics.

Florida & California's Wild Fire of Unemployment
Will the voters toss the incumbents out of office?

Director of the White House Economic Council, Lawrence Summers (seen above), former President of Harvard University who resigned when the faculty gave him a vote of no-confidence, has given his full attention to the economy.  This is the same Lawrence Summers, who while working at the World Bank, suggested dumping toxic waste from industrial nations in Africa because: "I've always thought that under-populated countries in Africa are vastly underpolluted."  Great choice President Obama; by the way, aren't you part Black and if so, how did you let this guy on your staff?

With black unemployment far beyond the national average, we have to ask everyone of every race, sex, and national origin...are you better off today than you were four years ago?

Do you actually expect people like Clifford Bundy Stearns and his long-time friend, Barney Frank, to do anything constructive to fix the problem after decades of incumbent payola and connections?

 Do they all have to die in office from old age before there's new blood?

Pray for True Change in 2010.