As we indicated yesterday the news isn't imporoving as people might have hoped
Law Shucks report:
This Week in Layoffs ? 11/6/09
It was pretty hard to miss this week?s big news: unemployment crashed through the 10% barrier, hitting 10.2% in October ? the highest level since 1983 (and, of course, worse than predicted). Underemployment also hit record levels, with the number of self-reported disenfranchised and under-utilized people reaching 17.5%.
Republicans jumped on the numbers as a sign that Obama?s package has failed, and the White House countered that it has saved almost 700,000 jobs. But that claim doesn?t even come close to addressing the original estimates and is completely unmeasurable. Still, the administration is reconsidering ideas it had previously rejected, like a highway bill and a business tax credit for new hires, even as they ask for two versions of a budget: one with flat spending and another with a 5% cut.
Law firms got their place in the MSM sun this week, as Bloomberg used a former law-firm employee as an example of increased migration to areas perceived as having jobs:
Some people are pulling up stakes and moving to where they think the job prospects may be brighter. Beth Rubin, 41, lost her position as a receptionist at the law firm Goldstein Bershad & Fried, PC in Southfield, Michigan, in October. The resident of Ferndale, a Detroit suburb, is now selling her furniture and moving to Georgia. ?I?m looking to get a job in Georgia, and I don?t know about the job market there, but I can tell you Michigan is horrible,? Rubin said in a telephone interview.
Full report at? http://lawshucks.com/2009/11/this-week-in-layoffs-11609/
