bush's economy

June Jobs Massacre

I told you already how in May planned job cuts soared 42% over April, for a total of 82,283 pink slips during the month.

Then, in early June, I told you how GM was planning on cutting 25,000 jobs (30% of May's total).

Today, the massive supermarket chain Winn-Dixie announced plans to cut 20,000 jobs.

These two cuts alone total 45,000 jobs cuts planned in June. In other words, these two cuts alone are equivalent to over 77% of April's total US job cuts.

I hope nobody else loses their job, or it's going to be a massacre. And there's another week to go in the month!

...and as I type that, Ford announces 1,750 US job cuts.