H/T Michelle Malkin
122,000 people laid off in September (Bureau of Labor Statistics - Mass Layoffs). I guess these are the hors d'oeuvres leading up to the main course of layoffs. Already we are seeing companies who are reporting mass layoffs, shifting jobs overseas, or both (Mourning In America - Here's the layoffs we voted for last night)
Funny. I don't remember this being mentioned by the mainstream media anywhere in the weeks leading up to the election. Obama even spoke of how the private sector is doing "just fine", both on the campaign trail and in the debates. I must have missed it when Candy Crowley corrected Obama on this.
But, don't worry. The private sector is just fine.
By Michelle Malkin • November 8, 2012 09:27 AM
This is just the beginning.
In case you missed it, Boeing announced massive layoffs and facilities closures yesterday.
More: Small business owners are dropping the axe as they brace for the costs and burdens of Obamacare.
In case you missed it, I reported on Obama’s layoff bomb last week.
Refresher: Obama’s Layoff Bomb
October 31, 2012
by Michelle Malkin
Creators Syndicate
In June, a diffident and self-deluded President Obama claimed that “the private sector is doing fine.” Last week, the private sector responded: Speak for yourself, buster. Who needs an “October Surprise” when the business headlines are broadcasting the imminent layoff bomb in neon lights?
The Bureau of Labor Statistics reported last Tuesday that employers issued 1,316 “mass layoff actions” (affecting 50 workers or more) in September; more than 122,000 workers were affected overall. USA Today financial reporter Matt Krantz wrote that “(m)uch of the recent layoff activity is connected to what’s been the slowest period of earnings growth since the third quarter of 2009.”
Some necessary restructuring is underway in response to the stagnant European economy. But more and more U.S. businesses are putting the blame — bravely and squarely — right where it belongs: on the obstructionist policies and regulatory schemes of the blame-shifter-in-chief.
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