Job Losses Accelerate, Signaling Deeper Distress

The labor market has been weak all year, with a slow drip of workers losing their jobs each month. But the deterioration of the job market is now emerging as a driver of economic distress, according to a wide range of data and anecdotal reports from corporate America. Full Story »

Posted by Kaizar Campwala
Tags Help
Subjects: U.S., Business
Topics: U.S. Economy, Jobs
Editorial Help
Posted by: Posted by Kaizar Campwala - Oct 23, 2008 - 7:33 AM PDT
Edit Lock: This story can be edited
Edited by: Kaizar Campwala - Oct 23, 2008 - 7:33 AM PDT
Derek Hawkins
3.9
by Derek Hawkins - Oct. 23, 2008

This story does a great job explaining the breadth of businesses and workers affected by the current economic downturn. The information has obviously come from the Post's original research and not a press release or major report. Doesn't jump to any conclusions. Excellent sourcing, especially for a somewhat shorter article.

See Full Review » (11 answers)
Fabrice Florin
3.8
by Fabrice Florin - Oct. 23, 2008

Informative report about the weakening employment outlook, based on factual evidence from multiple sources with a broad range of perspectives.

See Full Review » (11 answers)
Kaizar Campwala
4.0
by Kaizar Campwala - Oct. 23, 2008

By exploring many angles to job insecurity and unemployment, this piece goes beyond the numbers to paint a picture of the job market in America right now. Great use of sources across geography and industries.

See Full Review » (11 answers)
Jim Lang
4.3
by Jim Lang - Oct. 23, 2008

This is a well written and well sourced article presenting both data and anecdotes that demonstrate that an inflection point was recently reached in the rate of job losses as they accelerated in the souring economy. Anecdotal evidence is presented to show that economic uncertainly not just tight credit is having an influence.

See Full Review » (12 answers)
Marsha Iverson
4.5
by Marsha Iverson - Oct. 23, 2008

Irwin and Rosenwald give a good, hard look at the employment prospects across a broad cross-section of economic sectors: All look bleak, and all substantiate other related pieces about worker underemployment, consumer confidence falling, retail sales slumping, and an entire economy with a bad case of heebeejeebees.

Investment advisors tell us to be calm as the markets play roller-coaster with our net worth, but calm is hard to come by when daily/weekly/monthly income is slashed. We're trapped in a vicious cycle with bleak prospects for turning things around: Reduced spending cuts jobs; Job cuts reduce income; reduced income cuts consumer spending; Reduced consumer spending cuts jobs, and down we go. One possible step to rethinking this cycleis to adjust our view of the market. Why does a ... More »

In the greater Los Angeles area, Manpower, one of the nation’s largest temp agencies, has noticed a steady increase in job seekers since early September. Paul Holley, ... More »

See Full Review » (15 answers)
Nicole Slater
3.7
by Nicole Slater - Oct. 23, 2008

I think this article is much better than Slate's "The really, really bad news about the unemployment rate. " It seems more informed, more respectable and has better journalistic qualites!

See Full Review » (6 answers)

Comments on this story Help (BETA)

NT Rating | My Rating

Ratings

4.0

Good
from 10 reviews (50% confidence)
Quality
3.9
Facts
4.3
Fairness
4.2
Information
4.1
Sourcing
3.8
Style
3.8
Context
3.8
Depth
3.5
Enterprise
3.4
Popularity
4.1
Recommendation
4.2
Credibility
4.1
# Reviews
5.0
# Views
5.0
# Likes
1.0
# Emails
1.0
More
How our ratings work »
(See these related stories.)

Links Help

No links yet. Please review this story to add some!