CEO's say Job Cuts Coming

  As if this is any kind of surprise?

  ATT is about to cut 12,000 jobs ( 4% workforce ) while DuPont says that it is letting 2,500 jobs go. Let us not forget United Airlines, which plans on furloughing 1,088 workers.

   While these job cuts were being announced, the Labor Department said that unemployment benefits have reached a 26 year high. 4.09 million people are claiming benefits.   Source

  But wait! There's more!

   A survey by The Business Roundtable says that...

   The majority of U.S. CEOs say they expect to cut workers in the next six months, according to a survey out Thursday that showed a rapid deterioration in the economic outlook from the nation's top executives.

Sixty percent of the CEOs said they plan to cut workers in the next six months. That was up from 32% in the third quarter.   USAToday

  Obama and his team will have their work cut out for them. Don't count on the Republicans helping out to much. A few Democrats, also.

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