MSNBC: "Job cuts hit 9-month low in March"...but...

[Bush_Eats_Beef]

..."Firms remain reluctant to add new people"

http://www.msnbc.msn.com/id/4676270/

"NEW YORK - Layoffs in the United States fell in March to the lowest level in nine months, although companies remain reluctant to hire new people, according to a report released on Tuesday, The outplacement firm Challenger, Gray & Christmas Inc., said planned job cuts decreased to 68,034 in March compared with 77,250 in February. The group's 12-month moving average, which smoothes out month-to-month volatility, fell to 95,289 in March from 96,736 in February."

"The heavy job cutting we have seen over the past three years appears to be trending down," John Challenger, chief executive officer of Challenger, Gray & Christmas, said in a statement. "However, the job market seems to be in a state of limbo, where companies are eager to hold on to the people they have, but many are reluctant to create any new jobs."

So let me make sure I'm doing the math correctly...a reduction from 96,736 to 95,289 in one month means "heavy job cutting" is "trending down," and while "companies remain reluctant to hire new people," Bush is giving stump speeches about how excited he is about the economy?

There was another story on MSNBC yesterday in which they were trying to say that Silicon Valley tech jobs are back in a big way, primarily because of Google's "work hard, play hard" program which allows you to play volleyball and get a free lunch in the cafeteria.

Don't ask me, I'm not the guy who wrote it. Ladies and Gentlemen, as we approach November, the Spin is definitely In.

[papau]

1. LOL - if only it did not hurt so many - if only the media cared about more

than the right wing owners/editors next paycheck.

[cheezus]

2. job cuts hit new low? oh boy! we're laying off people at a slower rate!

that's something for chimpy to be proud of