Friday, December 05, 2008

BREAKING NEWS: Employers cut 533K jobs in Nov., most in 34 years

First, from the Associated Press (via Yahoo! Finance), breaking employment numbers that said that employers axed 533,000 jobs in November, the most in 34 years: click here 
Followed by this AP story that the expected unemployment rate was 6.8% last month: click here
New York Times reports the number is 6.7% (as does the Drudge Report) and has some more information: click here
Fundfire (free subscription required) says that institutional investors are cutting employee bonuses, in some places up to half: click here
Lastly, the Wall Street Journal talking about the layoff sign--the boss's cold shoulder: click here

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