Incomplete list of job loss announcements and shutdowns.
“…income growth among the very well-to-do is rising. Among the middle class in the United States it’s actually stagnant…. ….GDP is driven by 70% consumer spending…there is a real threat to the GDP going forward.”–Doug McIntyre, ceo of 24/7 Wall Street
Arkansas: Data from the U.S. Census Bureau and the Economic Policy Institute rank The Natural State as the 10th biggest killer of the Middle Class.
California: Data from the U.S. Census Bureau and the Economic Policy Institute rank The Golden State as the 7th biggest killer of the Middle Class.
Florida: In Palm Beach, after 35 years the Jupiter Academy private school shutting down, they can’t afford to renew the lease.
Georgia: Data from the U.S. Census Bureau and the Economic Policy Institute rank The Peach State as the 2nd biggest killer of the Middle Class. And for proof, look no further than Atlanta based CNN: “CNN staffers are hopping mad that bosses are building anchor Robin Meade an expensive private toilet while employees are being laid off…”
Illinois: Fifth Third Bank shutting down its 15 years old Clarendon Hills office in April.
Maine: Data from the U.S. Census Bureau and the Economic Policy Institute rank The Pine Tree State as the 3rd biggest killer of the Middle Class.
Montana: Data from the U.S. Census Bureau and the Economic Policy Institute rank The Treasure State as the 8th biggest killer of the Middle Class.
New York: Data from the U.S. Census Bureau and the Economic Policy Institute rank The Empire State as the 9th biggest killer of the Middle Class. For proof, in NYC the owner of the 28 years old Cafe Lalo told Community Board 7’s Business and Consumer Issues Committee “business is terrible and he may have to close”.
North Carolina: Data from the U.S. Census and the Economic Policy Institute rank The Tar Heel State as the 4th biggest killer of the Middle Class.
Rhode Island: Data from the U.S. Census Bureau and the Economic Policy Institute rank The Ocean State as the number one killer of the Middle Class.
South Carolina: Data from the U.S. Census Bureau and the Economic Policy Institute rank The Palmetto State as the 6th biggest killer of the Middle Class.
Tennessee: Data from the U.S. Census Bureau and the Economic Policy Institute rank The Volunteer State as the 5th biggest killer of the Middle Class.
Texas: Houston based Paragon Offshore oil driller is now chapter 11 bankrupt busted, claiming it can’t pay its $1.1-billion USD of debt due to the low oil prices. Makes you wonder what it was doing with all the cash when oil was $70+ per barrel.
Virginia: Urban Farmhouse shutting down their three years old Church Hill restaurant by the end of the month. Sounds like they couldn’t afford the rent as they claim they’re looking for a new location.
Yet again, another record renounce U.S. citizenship!
WARN=Worker Adjustment & Retraining Notification
13-14 February 2016: Christian hospitals stealing from taxpayers!
Former employees who receive severance are not counted as unemployed
The U.S. Department of Labor (DoL) no longer issues mass layoff reports: “On March 1, 2013, President Obama ordered into effect the across-the- board spending cuts (commonly referred to as sequestration) required by the Balanced Budget and Emergency Deficit Control Act, as amended. Under the order, the Bureau of Labor Statistics (BLS) must cut its current budget by more than $30 million, 5 percent of the current 2013 appropriation, by September 30, 2013. In order to help achieve these savings and protect core programs, the BLS will eliminate two programs, including Mass Layoff Statistics, and all ‘measuring green jobs’ products. This news release is the final publication of monthly mass layoff survey data.”