Job Layoffs Under Bush Amongst Highest

[Skeptic]

Job Layoffs Under Bush
Among Highest In US History
By Madeleine Baran
New Standard News.net
8-11-4

During the first three years of the Bush administration, the layoff rate reached 8.7 percent for workers over 20 years old, one of the highest rates on record, according to the New York Times.

The survey also recorded the highest layoff rate ever for long-tenured workers -- those who held their job for more than three years. Employers laid off 5.3 million, or 6.3 percent of all long-tenured workers between 2001 and 2003.

In the past, layoffs peaked during recessions and declined during economic booms; but a new survey by the Bureau of Labor Statistics shows that the layoff rate is increasing regardless of the state of the rest of the US economy.

"No one should be surprised by the increasing frequency of layoffs," James Glassman, senior US economist for the investment firm J. P. Morgan Chase, told the New York Times. "It is the echo of globalization. Companies are shifting production around more frequently to take advantage of low-cost centers."


http://newstandardnews.net/content/?action...&printmode=true (http://newstandardnews.net/content/?action=show_item&itemid=767&printmode=true)





http://www.rense.com/general56/ldldy.htm

[Guerrilla22]

I have this conversation with idiots all the time, they say the economy is improving, jobs are up (when in fact they're not) my reply: even if that were true, there would still be far more jobs lost under Bush than gained. It doesn't equal out.

Thanks for the article Skeptic, hope you don't mind if I copy and paste it to Capitalist Lawyer's post about the job market being up in OI. :D

[wet blanket]

While Bush is a jackass, but to pin these layoffs on him isn't really fair.
The president has very little to do with the economy, the finger needs to be pointed at the ones actually doing the firing and moving jobs overseas to exploit cheap labor...

The US economic system itself is the problem.

[h&s]

While Bush is a jackass, but to pin these layoffs on him isn't really fair.
The president has very little to do with the economy, the finger needs to be pointed at the ones actually doing the firing and moving jobs overseas to exploit cheap labour...
The finger needs to be pointed at Bu$h for not stopping the jobs from going overseas. As 'elected' president it is his job to protect the U$ economy and jobs, which he has failed to do.

[Political Suicide]

Also take into account that after 8 weeks (at least in florida) you no longer recieve unemployment benefits and are therefore no longer counted. So, those statistics are not entirley accurate. I know for sure that the unemployment rate has skyrocketed in my area. When i moved here, i saw maybe two or three homeless people on my five minute drive to work, now i see at least 30.