[quote=cooprider]I wonder what the total amount of layoffs listed and unlisted is, including people who quit on their own, were fired, or are no longer working for any other reason. I.e. the actual total number of jobs lost.
Obama may or may not be able to create 2.5 million jobs here, but if he does, it may not even make up for the losses we will see by the time this thing is over.
Sad.[/quote]
I think you’re right, Coop. I was thinking about the trend the layoffs have taken over the past year. As recently as this past spring we were seeing 50,000 – 80,000 job losses per month. And somehow that has now mushroomed to 533,000 losses in November. This thing seems to be going parabolic very quickly. And the thing to keep in mind is that everytime someone is laid off it potentially impacts dozens of other jobs. It becomes a vicious cycle and a self-fulfilling prophecy. So just looking at the numbers, I can only guess where a 533,000 job loss in November will put us by March or April. I can easily see a month next year when we may have 1 million losses. Even at 500,000 losses per month, in 5 months we would completely eat through the 2.5 million new jobs Obama has “created”.
