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| Transportation
Stocks Slammed |
| Report Last Updated: 10.02.2008
- 1854 CST |
| Pessimism about a
economic downturn washed over the financial markets
recently,
sending transportation and other stocks plunging. Reports on
declining factory orders and a seven-year high in jobless
claims increased fears that the government's financial
bail out plan won't ward off a recession. |
| SmartMoney.Com
reported; "Even in a slowing economy, moving goods is
a big business. Trucks and railroads combined bring in
about $700 billion a year in revenue, and increasing world
trade means that figure should continue to grow. As a
group, transportation stocks typically hit the brakes
before other industries, and this slowdown is no
exception. The good news is that the sector often emerges
from the doldrums before other companies." |
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Worldwide Employee Survey |
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understand your preferences and opinions about different types of
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|
Eighth Month Of Unemployment Increases
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Unemployment rate for adult black men at 10.6 percent.
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| The Bureau of Labor Statistics released
its monthly employment report, and it’s not good! The
report indicates eight straight months of increasing
unemployment:. |
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The unemployment rate rose from 5.7 to 6.1 percent in August, and non- farm payroll employment continued to trend down (-84,000), the Bureau of Labor Statistics of the U.S. Department of Labor reported today. In August,
employment fell in manufacturing and employment services, while mining and health care continued to add jobs. Average hourly earnings rose by 7 cents, or 0.4 percent, over the month.
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The number of unemployed persons rose by 592,000 to 9.4 million in August,
and the unemployment rate increased by 0.4 percentage point to 6.1 percent.
Over the past 12 months, the number of unemployed persons has increased by
2.2 million and the unemployment rate has risen by 1.4 percentage points,
with most of the increase occurring over the past 4 months.
More
at BLS.Gov
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| Labor Day Axe Falls Again |
| 800
Yellow/Roadway Employees Dismissed System Wide During Labor Day Weekend |
| Kansas City Star
Reports Only 200 Jobs Eliminated. |
| By JD Nutt, Web Editor |
| Report Last Updated: 08.30.2008
- 1848 CST |
| Oklahoma
City, OK. - Mass termination of Consolidated
Freightways employees occurred during the Labor Day weekend in 2002.
However during this years holiday event, an estimated 800 employees of Yellow/Roadway were handed
their pink slips in style. Read More |
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