Job cuts rise from year ago - According to a report by a private placement firm, job cuts announcements increased to 74,986 from 62,975 in Jan 2007. Remember, we have been telling you that the already ugly housing market will get uglier if there is any trouble in the labor markets.
http://www.bloomberg.com/apps/news?pid=20601087&sid=a1LIIigl67xI&refer=home
It's interesting to see that other world markets are going down because of fears of a US recession. Yet, while many world markets have dropped by about 10%, the down has only dropped by 4.6%!
http://www.bloomberg.com/apps/news?pid=20601087&sid=a0dnv70Bya7g&refer=home
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