By Michael Snyder / The Economic Collapse October 26, 2012If you still have a good job, you might want to hold on to it very tightly because there are a whole bunch of signs that unemployment in the United States is about to start getting worse again.
Over the past several weeks, a substantial number of large corporations have announced disappointing earnings for the third quarter.
Many of those large corporations are also loaded up with huge amounts of debt. So what is the solution? Well, the favorite solution on Wall Street these days seems to be to lay off workers. In fact, it is almost turning into a feeding frenzy.
Since September 1st, we have seen more job cuts announced than during any other two month period since the start of 2010. These announcements represent future layoffs and job losses which are not even showing up in the unemployment numbers yet.
So needless to say, things don’t look very promising for the end of 2012 or for the beginning of 2013. If this race to eliminate jobs becomes a stampede, will we see the bottom fall out of the employment market?
Continue Reading: Will The Bottom Fall Out? 15 Signs That Layoffs And Job Losses Are Skyrocketing :