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Topic : Corporate Layoffs
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By : Shishir Mishra, Senior Consultant, Hewitt Associates
Activity:  3 comments  1019 views  last activity : 07 06 2010 20:18:04 +0000
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This Data is a shocker............

The Bureau of Labor Statistics (BLS) released the January Employment Report (US)...

Highlights

  • 598,00 jobs were lost in total
  • 111,000 construction jobs were lost
  • 207,000 manufacturing jobs were lost
  • 279,000 service providing jobs were lost
  • 45,000 retail trade jobs were lost
  • 121,000 professional and business services jobs were lost
  • 54,000 education and health services jobs were added
  • 28,000 leisure and hospitality jobs were lost
  • 6,000 government jobs were added

A total of 319,000 goods producing jobs were lost (higher paying jobs), and the service sector was clobbered once again as well. Government, the last place one wants to see jobs, added 6,000 jobs. The number government jobs has declining sharply, a welcome event, but I expect this to change in the months ahead along with various stimulus programs.

Very painful & dreadful Scene.......

Thousands of job-seekers queue at a job fair.

Tania Khadder, 29, and John Henion, 32, both unemployed journalists, hold signs on Market Street in San Francisco, December 9, 2008.

A man sits on a chair as he waits in line to file an application for a job as a firefighter in Miami, February 2, 2009.

 

After seeing all this, I wonder what lies for India ???

 

 

 Top Comment : R.SANJAY GREGORY WILLIAMS   | 03 07 2009 10:38:37 +0000
Tough time don't last tough people will............ but the storm is coming brace yourselves
 
3 comments on "Unemployment : Looking for work"
  Commented by  Inamur Rehman, Billing Manager, Aptaracorp Inc.    | 04 25 2010 21:03:49 +0000
Infosys Laysoff 1500, Sapient Laysoff 800, Satyam 10000, Siemens 500, Jet Airways – 1900, Johnson & Johnson, ST-Ericsson, Adobe Systems, Nokia, Siemens, , Sun Micro, Zapak...and the list is long. This Economic Slowdown is not the first one, and it certainly is not the ...last one, the question really is, are you prepared?
  Commented by  R.SANJAY GREGORY WILLIAMS, Manager HR, Rhytha    | 03 07 2009 10:38:37 +0000
Rating : +1 
Tough time don't last tough people will............ but the storm is coming brace yourselves
  Commented by  Raju Ramalingam, Business Analyst, Rhytha Web Solutions    | 03 07 2009 09:12:54 +0000
Its really hurting
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