Here comes some good news about the national employment market.
From Bloomberg:
A private report today indicated that companies in the U.S. unexpectedly added jobs in May by the most since January. The 40,000 increase followed a revised gain of 13,000 for the prior month that was more than previously estimated, the report from ADP Employer Services showed.
And here comes some bad: General Motors' announcement yesterday that it would close four North American plants, including an SUV plant in Moraine, Ohio, adds insult to injury in the Buckeye State, where casualties of mass layoffs totaled 19,423 jobs—the biggest first-quarter cut this decade, according to the Columbus Dispatch.
You can add to that DHL's recent announcement that it may end its contract with Ohio-based cargo carrier ABX Air—threatening 8,200 jobs, according to the Cincinnati Enquirer.
Ohio Gov. Ted Strickland is setting up a task force to address the situation, as well as pursuing his legal options. DHL, a unit of Germany's Deutsche Post, has struggled against competition from FedEx and UPS and is now trying to cut costs through a deal with UPS.
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of OH 8:40PM June 19, 2008
Tim of CA 5:27PM June 05, 2008
Sam C of CA 4:27PM June 04, 2008