Don’t blame Obama for the bad labor market, the U.S. Labor Department just revealed that the bad labor market (people unable to find good jobs) began in 2000, under Bush Jr’s watch!
Blame Corporate America! For more proof, Chicago based Challenger, Gray & Christmas released the results of their study of recent planned layoff announcements coming from unAmerican Corporate America, and state & local governments.
Announced layoffs have gone up 11% since last year! Education, government, consumer goods and transportation industries had the most planned layoffs, with the education sector leading the way.
According to Business Week, Michigan leads the country with the most planned layoffs: 5,094 announced just last month!
California is next with 4,070, Washington state with 3,329 and Pennsylvania takes fourth with 3,292!