Nonfarm payroll employment was essentially unchanged in June (+18,000), and the unemployment rate was little changed at 9.2 percent, the U.S. Bureau of Labor Statistics reported today.And so, the question: how many companies does it take to downsize that job gain to zero? Start here:
After Wall Street closed today, Cisco said that it was going to cut 6,500 workers to get its costs more in line with its revenue streamsAnd now look here:
Borders’ roughly 400 remaining stores will close, and nearly 11,000 jobs will be lost, according to the company.And so the answer is two.
And so, we can ask what is the sound of two hands clapping at an Obama Press Conference? Actually, that's a trick question; nobody knows, because it doesn't happen: