Incomplete list of publicly announced layoffs & shutdowns:
The British empire University College London compiled data from 25 studies (and published in The Lancet) and concluded that working more than 40 hours per week increases your chances of having a heart attack by 13%, and increases chance of stroke by 27%.
California: The state Employment Development Department reports an increase in new unemployment claims. 16-thousand state employees lost their jobs between June and July! 3-thousand 6-hundred farm workers lost their jobs between June and July! At least 1-thousand 6-hundred people in the service industry lost their jobs between June and July!
Colorado: British empire owned Too Big to Jail Curian Capital laying off 224 employees, and then has plans to shutdown in 2016! To show how little faith the British empire owned company has in the U.S. economy, by shutting down Curian is abandoning $1-billion USD in asset management accounts!
Idaho: The state Department of Labor reported that July was the third straight month of increased new unemployment claims.
Iowa: In Ainsworth, after 56 years the Four Corners Restaurant shutdown. It’s been sold-off, the family owners blamed lack of customers.
Kentucky: The city of Hillview is now chapter 9 bankrupt busted! It’s partly blamed on a land war with Truck America. Truck America says the city has defaulted on $15-million of payments for 40 acres of land! The city of Wickliffe warned of city layoffs due to the shutdown of the Verso Corporation paper mill.
Louisiana: After 40 years newsstand Lakeside News shutting down in September: “…20 years ago, there’d be 10 people waiting for me to open at 4:30 am. Now, we’re lucky if we get 10 people coming through all morning! It’s not enough to sustain a business.”-Michael Marcello, owner
Maryland: ObamaCare forcing Laurel Regional Hospital to shutdown their Maternal & Child Health department in October. Administrators said “…obstetrical services has been a persistent problem.”, meaning they can’t make enough money off it. In Elkton, the Historic Little Wedding Chapel reportedly shutting down because Too Big to Jail Cecil Bank refused to renew the owner’s debt financing, and then demanded payment in full immediately (this is called deleveraging, it happened to me). Deleveraging related: IMF pushes for U.S. consolidation, code for even more drastic deleveraging!
model railroad company deleveraged to death by Too Big to Jail banks!
All part of the IMF’s orders to deleverage!
4,000 people stranded when Australian airline is suddenly deleveraged by too big to fail creditors
De-leveraging will continue until the economy improves, and that means you!
Michigan: After 15 years maze amusement park Fort Custer shutting down, the owner said “…it’s time to move on.”
Minnesota: The state Department of Employment and Economic Development reported an increase in new unemployment claims. 3-thousand 9-hundred jobs were lost in July!
New Jersey: Bankrupt grocery chain Great Atlantic & Pacific Tea Company (aka A&P) notified 8,662 New Jerseyians that they will become unemployed by Thanksgiving! That’s on top of the 871 New Jersey A&P jobs being eliminated by September! A&P is shutting down or selling off their New Jersey stores, including its Super Fresh, Pathmark and Food Basics stores. In Kinnelon, after 14 years Lynne’s Hallmark card shop shutdown after the property was sold-out from under the gift card shop owner’s feet.
New York: In NYC, after 40 years Himalayan Crafts shutdown, the owner said “We have been here too many years.”
Ohio: What construction industry recovery? In Akron, after 32 years building supply store Building 9 shutting down and moving elsewhere. Administrators blame yet another massive road construction project.
Texas: ObamaCare forced San Antonio based United Allergy Services to fire ten people from their HQ and an undisclosed number of employees elsewhere. The allergy treatment company is also pulling out of some of the U.S. states where it operates, blaming problems with insurance reimbursements.
Washington DC: The Federal Reserve System has confirmed there is no recovery, at least for U.S. factories. The Washington Post writes “It took less than a year for America’s factory output to rebound from the 1991 recession. It took 3½ years to bounce back from the 2001 recession. Now, six years clear of the Great Recession, manufacturing output still hasn’t returned to the pre-crisis levels it reached in 2007, according to revised economic data from the Federal Reserve.”
20 August 2015: “They’re getting rid of family men and I’m scared!”
WARN=Worker Adjustment & Retraining Notification
The U.S. Department of Labor (DoL) no longer issues mass layoff reports: “On March 1, 2013, President Obama ordered into effect the across-the- board spending cuts (commonly referred to as sequestration) required by the Balanced Budget and Emergency Deficit Control Act, as amended. Under the order, the Bureau of Labor Statistics (BLS) must cut its current budget by more than $30 million, 5 percent of the current 2013 appropriation, by September 30, 2013. In order to help achieve these savings and protect core programs, the BLS will eliminate two programs, including Mass Layoff Statistics, and all ‘measuring green jobs’ products. This news release is the final publication of monthly mass layoff survey data.”