Yippeee!! Yayy~ Whooo-hooo~
Remember that kids for when you read this next part...
Now, every month, the Bureau of Labor Statistics release data on employment and unemployment which government, the media and Wall St usually either trumpet, minimize or outright ignore based on personal agendas.
A little known statistical grouping the Bureau compiles is called the Mass Layoffs Summary which is usually released at the end of the third week each month. This is what it had to say about May, 2011:
"Employers took 1,599 mass layoff actions in May involving 143,540 workers, seasonally adjusted, as measured by new filings for unemployment insurance benefits during the month... Each mass layoff involved at least 50 workers from a single employer. The number of mass layoff events in May increased by 35, or 2 percent, from April"
Repeating... there were 1,599 'actions' or incidents where 50 or more employees were fired at the same moment by a business. This was specifically in May 2011 only. In April, there were 'only' 1,564 mass layoff actions.
If you combined April and May's layoff numbers, taking into consideration that April was 2% less than May, about 284,000 Americans lost their jobs within a 61 day window (April 1 to May 31). This does not count those fired in mass layoffs where 49 or fewer people were fired at a given time. Stats weren't kept on that.
All this as the Administration, the media and Wall St tout 'recovery' again and again until you choke and gag on the word.
Well why shouldn't they? Today's an Anniversary after all..
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