Last week’s release of negative employment data from the United States has many forex traders running from the USD. With a rally taking place among Euro-Zone currencies, as well as the price of Crude Oil, there appears to be plenty of investment opportunities more profitable than th ... Read t ... Read more

According to today's ADP Small Business Report , small businesses lost 262,000 jobs in February .   This marks the fourth consecutive month of decline in the small-size business sector.  February's number shows greater job losses than January demonstrating the recession ... Rea ... Read more

House Speaker Nancy Pelosi's blog has an interesting graph of What 3.6 Million Jobs Lost Over 13 Months Looks Like. This chart compares the job loss so far in this recession to job losses in the 1990-1991 recession and the 2001 recession – showing how dramatic and unprecedented the job loss over ... Read more

Here are a couple of quotes that are making the rounds: "Every month that we do not have an economic recovery package 500 million Americans lose their jobs." Speaker of the House Nancy Pelosi Obviously she meant 500 thousand (she corrected herself later). And it appears likely that anoth ... Read more

From MarketWatch: Macy's cutting 4% of workforce, quarterly dividend Macy's ... said Monday ... it will slash 7,000 jobs [and] reduced its 2009 capital expenditures budget to about $450 million ... It was just last November that Macy's cut their 2009 capital spending plans from $1 billion to $550 ... Read more

From MarketWatch: Boeing plans to slash 10,000 jobs as the economy weakens Boeing Co. said Wednesday it plans to slash about 10,000 jobs across its businesses, compared to a prior announcement of 4,500 job cuts from its commercial airplane unit. I'm not going to list all the layoffs, but 10,000 is ... Read more

Before taking a look at the monthly jobs data, let's take a look at Initial Unemployment Insurance Claims from The US Department of Labor. click on chart for sharper image For a look at how well states are handling the massive rise in claims, please see Unemployment Claims Crash Multipl ... Read more

Increasing numbers of "Pink Slips" are weighing on the minds of consumers. Every industry, every service is affected, not just in the US, but globally. Please consider Alcoa to cut 13 pct of global work force Alcoa Inc., the world's third-largest aluminum maker, said Tuesday it will cut 1 ... Read more

With apologies to chicken little, it is bad out there: over half a million jobs lost in one month and almost 2 million so far this year , stock markets down, people fearing for their jobs, and the governments bail outs seemingly being every day events. Not surprising this bad news is forcing ... Read more