Employers shedding jobs as recession deepens

WASHINGTON – With the economy sinking faster, employers are giving more Americans dreaded pink slips right before the holidays.

The Labor Department releases a new report Friday that's expected to show the employment market deteriorated in November at an alarming clip as the deepening recession engulfed the country.

After bolting to a 14-year high of 6.5 percent in October, the unemployment rate likely climbed to 6.8 percent last month, according to economists' forecasts. If they are right, that would mark the worst showing in 15 years.

Skittish employers, which have slashed 1.2 million jobs this year alone, probably axed another 320,000 last month, economists forecast. If that estimate is correct, it would represent the deepest cut to monthly payrolls since October 2001, when the economy was suffering through a recession following the Sept. 11 terrorist attacks.

Employers are slashing costs to the bone as they try to cope with sagging appetites from customers in the United States as well as in other countries, which are struggling with their own economic troubles.

The carnage — including the worst financial crisis since the 1930s — is hitting a wide range of companies.

Just in recent days, household names like AT&T Inc., DuPont, JPMorgan Chase & Co., as well as jet engine maker Pratt & Whitney, a subsidiary of United Technologies Corp., and mining company Freeport-McMoRan Copper & Gold Inc. announced layoffs.

Fighting for their survival, the chiefs of Chrysler LLC, General Motors Corp. and Ford Motor Co. will return Friday to Capitol Hill to make a pitch to lawmakers for the second straight day for as much as $34 billion in emergency aid.

http://news.yahoo.com/s/ap/20081205/ap_on_bi_ge/financial_meltdown_52

WHAT CAUSE US TO AGE. SIMPLE. I vab thibk of many but i will just bame a few.

Hank Paulson
Ben Bernanke
GWB
Dear of lor long ones job.
too darn muxh dtress brought on by this worsening economy.

1. A day without sunshine is like night.

2. On the other hand, you have different fingers.

3. 42.7 percent of all statistics are made up on the spot.

4. 99 percent of lawyers give the rest a bad name.

5. Remember, half the people you know are below average.

6. He who laughs last, thinks slowest.

7. Depression is merely anger without enthusiasm.

8. The early bird may get the worm, but the second mouse gets the cheese in
the trap.

9. Support bacteria. They're the only culture some people have.

10. A clear conscience is usually the sign of a bad memory.

11. Change is inevitable, except from vending machines.

12. If you think nobody cares, try missing a couple of payments.

13. How many of you believe in psycho-kinesis? Raise my hand.

14. OK, so what's the speed of dark?

15. When everything is coming your way, you're in the wrong lane.

16. Hard work pays off in the future. Laziness pays off now.

17. How much deeper would the ocean be without sponges?

18. Eagles may soar, but weasels don't get sucked into jet engines

19. What happens if you get scared half to death, twice?

20. Why do psychics have to ask you for your name?

21. Inside every older person is a younger person wondering, "What the heck
happened?"

22. Just remember -- if the world didn't suck, we would all fall off.

23. Light travels faster than sound. That's why some people appear bright
until you hear them speak.

24. Life isn't like a box of chocolates . it's more like a jar of jalapenos.
What you do today, might burn your butt tomorrow.

Words of Wisdom, From Larry The Cable Guy......

I am, therfore, I think.
I still need a rum slurpy

I need a rum slurpy.