Michael Perelman wrote: >Employment has held up fairly well. Where are the new jobs coming from to >balance off the large layoffs in the news?
If you're talking about layoff announcements from large public corps of the sort collected by Challenger, Gray, & Christmas in their monthly tally - well, they're fairly meaningless. They don't correlate with employment numbers or the BLS's count of mass layoffs. The reason is that lots of them are PR intended to please stockholders and scare workers into productive submission. Or they're a cover for replacing older, expensive workers with younger, cheaper ones. Doug
