Poof !!! Another 1,800 jobs gone. Today's total: 8,250

[HFishbine]

"Greensboro-based VF Jeanswear plans to lay off more than 1,800 employees in August and September at its plants in Oklahoma and North Carolina."

<snip>

"In the past nine months, the company has cut about 11,000 workers, or 35 percent of its workforce as it deals with excess capacity at its plants."

(http://triad.bizjournals.com/triad/stories/2003/07/28/daily22.html)

That brings today's total to 8,250.

(Here's the other: http://triad.bizjournals.com/triad/stories/2003/07/28/daily33.html)

More Interesting Employment News
------------------------------------

- The number of unemployed persons increased by 360,000 in June to 9.4 million.

- Since March, unemployment has increased by 913,000.

- Over the month (June), the unemployment rate for blacks increased to 11.8 percent.

- In June, there were 2.0 million unemployed persons who had been looking for work for 27 weeks or longer, an increase of 410,000 over the year.

- In June, 1.5 million persons were marginally attached to the labor force. They were not counted as unemployed, however, because they did not actively search for work in the 4 weeks preceding the survey.

http://www.bls.gov/news.release/empsit.nr0.htm

[northzax]

1. one of the great ironies in life

is that Republican economic policies seem to only really hurt those in Republican states. Anyone have a map of economic growth in red states versus blue states over the past 3 years?

[barbaraann]

2. "Cheap Labor Conservatives" have their way with the USA.

http://fuckedcompany.com/

[pbeal]

3. to late to get into tomorrows national numbers

m

[Abe Linkman]

4. UNDERemployed

If you factor in the number of UnderEmployed people, then you are talking about who knows how many millions more Americans.

It's sort of like when you read about the cost of living rates, which don't even include rent; thus giving a false picture of the reality of how the cost of living has gone up substantially more than "they" want you to think it has.

By artificially defining these matters, the government & corporate America can more easily evade facing demands for COLA in SS etc., and wage rises.

[slappypan]

5. my god this is brutal

What is to become of this country?

[DagmarK]

6. The news hour puts the real unemployment rate at about !8%!

They did an interesting piece on what the real unemployment rate is -- and some of the factors that go into it.

http://www.pbs.org/newshour/bb/economy/july-dec03/unemployment_07-29.html

Conclusion:

PAUL SOLMAN: So not only do the incarcerated make today's unemployment rate for men seem lower than it should be because so many more of them are behind bars, they may suppress the rate for years to come by becoming disproportionately discouraged workers once they re-enter society. That then ends the list of adjustments. Add them all up, and today's 6.4 percent official unemployment rate approaches 1982's 10.8 percent record, at least for men. There's one last way to confirm this. Back in 1982, the percent of total working age men not employed for whatever reason-- discouraged, disabled, jailed, retired early, or officially out of work-- was 17.3 percent. But as of last month, that total was even higher: 17.8 percent not employed, which make the current job bust, at least for men, look far deeper than the official unemployment rate suggests.


***So, you take a place like where I am (Portland) with a stated 8.7% unemployment rate......and add the real numbers to it...and you get something like 25%... I think that's about right.

Shoot, if the govt is willing to say 9 million are without jobs.....what must the REAL number be?

[CO Liberal]

7. And How Many of Those Jobs Are Going Overseas

To places like Bangladesh and Malaysia?????