The trend over the past several weeks to months has increasingly been one of flashing orange to red about employment prospects worldwide, including - not excluding - the largest economies, like the United States, heading into the new year.
Recession 2016 Leading Indicator - Mass Layoffs
The following partial list, compiled by Chris Marenson over at ( Read more... )

In a continuation of mounting evidence that the US economy - not Japan (which is in recession), or China (which, call it whatever you want) is clearly slumping, or Europe (which, did they ever really exit the Great Recession?) - is seriously softening, and could be in a Growth Recession already.

Challenger, Gray & Christmas


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http://www.dissentmagazine.org/article/?article=4091Read more... )

Gone the days of unlimited government assistance, Too Big To Fail banks are now implementing new and/or higher user fees, as well as firing the underlings, in the face of renewed economic weakness.

New York Times
Profits Falling, Banks Confront a Leaner FutureBattered by a weak economy, the nation’s biggest banks are cutting jobs, consolidating ( Read more... )

CNNMoney
Job growth stalls, layoffs surge

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CNBC
Signs of a Double-Dip Have Emerged: Meredith Whitney


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For the unemployed over 50, fears of never working again
Of the 14.9 million unemployed, more than 2.2 million are 55 or older. Nearly half of them have been unemployed six months or longer, according to the Labor Department. The unemployment rate in the group - 7.3 percent - is at a record, more than double what it was at the beginning of the ( Read more... )

From Robert Reich's Blog
The Great Disconnect Between Stocks and Jobs

How can the stock market hit new highs at the same time unemployment is hitting new highs? Simple. The market is up because corporate earnings are up. Corporate earnings are up because companies are cutting costs. And the biggest single cost they’re cutting is their payrolls. ( Read more... )

KITAKYUSHU, Japan -
They may be the most efficient workers in the world. But in the global downturn, they are having a tough time finding jobs.





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I have created the group co_ownership. This group serves as a place to network people that are unemployed or underpaid, so as to pool their money and establish businesses that are co-owned by all of the participants, as opposed to begging employers for a job. Well-employed people may also contribute to this network. They too, after all, may become unemployed ( Read more... )