Negative News (-)

March 20, 2004 - Something is strange about the economic recovery. Even the Asian suppliers are worried about US jobs.
The Stratis Times

March 18, 2004 - IEEE-USA Speaks Out - Offshoring contributes to high unemployment levels among U.S. technologists, and poses a serious, long-term challenge to the nation's technological and innovative leadership. Also see IEEE-USA

March 18, 2004  -- Michigan officials are tossing millions in tax abatements at General Motors Corp. in hopes of persuading the automaker to upgrade its Warren transmission plant and save at least 518 jobs. 03/18/04 Tax deal may save 518 jobs at GM

March 15, 2004 - Legislators are appalled to see jobs head across the ocean while their unemployed constituents look for work. SearchCIO.com

March  11, 2004 -The labor market data for February showed less strength than expected, with non-farm payroll employment up a scant 21,000. Furthermore, the December and January numbers were revised downward by about the same amount. Manufacturing job loss slowed, but still registered an unprecedented 43rd straight monthly decline. Freddie Mac & Bureau of Labor Statistics

March 10, 2004
Is Recovery Without Jobs Now the Norm? "I'm growing increasingly suspicious that something more fundamental may be happening to the job market and the economy," said Mark Zandi, chief economist at Economy.com, a research and consulting firm in West Chester, Pa. LA Times

March 1, 2004 - For many of America's 3 million software programmers, it's paradise lost. Business Week

February 26, 2004 The unemployment rate for U.S. electrical and electronics engineers averaged a record 6.2 percent in 2003! IEEE-USA Press Release

February 26, 2004 China's Price for Market Entry: Give Us Your Technology, Too. The Wall Street Journal

February 26, 2004 JOHANNESBURG, SOUTH AFRICA – India may still be the world outsourcing king, the great global magnet that's attracting American and European service-industry work such as computer programming, insurance-claims processing, and call-center staffing. By Abraham McLaughlin | Staff writer of The Christian Science Monitor

February 22, 2004 Lou Dobbs of CNN aired "Exporting America" Here is a list of companies we've confirmed are "Exporting America." These are U.S. companies either sending American jobs overseas, or choosing to employ cheap overseas labor, instead of American workers. These companies still employ a lot of U.S. workers. This does not mean to boycott their products but to exercise judgment in which products you purchase. Some letters to their executives about Made in USA would be appropriate. Click here for a list of companies.

January 20, 2004 In January 2004, the U.S. economy had about 2.4 million (or 1.8 percent) fewer jobs than it had in March 2001 AFL-CIO Working for America Institute

January 12, 2004 Manufacturing Job Slide Continues - Manufacturing employment declined by an additional 26,000 workers in December 2003, the U.S. Labor Department reported on Jan. 9. IndustrialWeek.com

January 7, 2004 Leading technology companies urged Congress and the Bush administration Wednesday not to impose new trade restrictions aimed at keeping U.S. jobs from moving overseas, where labor costs are lower. Yahoo News

December 26, 2003 Evenflo Co., a maker of infant car seats and feeding items, shut down its factory, leaving 150 jobless. The company had 300 people working at its Cherokee County plant just two years ago. The Atlanta Journal

December 26, 2003 Ohio had 131,000 fewer jobs last month than it did two years earlier when economists say the latest recession ended. Worse, many of those lost jobs were in the high-paying manufacturing sector. Toledo Blade

December 24, 2003 U.S. corporations are picking up the pace in shifting well-paid technology jobs to India, China and other low-cost centers. Reuters

December 16, 2003 The shift of service jobs to low-cost countries has only just begun. It promises huge benefits to consumers everywhere. (Note: This is a pay-per-view source but the article is worth the cost)      The Economist Magazine

December 15, 2003 IBM Corp. plans to move up to 4,700 skilled software jobs from the United States to India, China and other countries. CNN

December 13, 2003 Federal Reserve Chairman Alan Greenspan has warned against making China a scapegoat for all the ills of the American labor market. Yahoo News

December 12, 2003 The U.S. Census Bureau and the U.S. Bureau of Economic Analysis, through the Department of Commerce, announced today that total October exports of $88.0 billion and imports of $129.7 billion resulted in a goods and services deficit of $41.8 billion, compared with $41.3 billion in September, revised.  October exports were $2.2 billion more than September exports of $85.7 billion. October imports were $2.7 billion more than September imports of $127.1 billion. U.S. BEA

December 9, 2003 Legal research and other back-office work carried out at law firms may be among the next set of white-collar jobs to move offshore in big numbers. According to a study  at the University of California at Berkeley, legal assistants and paralegals working in offshore  on behalf of U.S. law firms earn, on average, between $6 and $8 per hour. That's about one-third of what their counterparts in the United States are paid. Information Week

December 2, 2003 DuPont shifts focus overseas. The company's "center of gravity" will move to Asia and Eastern Europe as it sheds jobs in the U.S.             Philadelphia Inquirer
http://www.philly.com/mld/inquirer/7391071.htm

November 22, 2003 Broadcom Corporation is expanding its Taiwan operations. They plan to hire 85 engineers in Taiwan over the next three years. The Irvine California based company said it is more than tripling its staff at a chip-design facility in the city of Hsinchu. Source: Orange County Register

November 22, 2003 Boeing Company is planning to  lay off 340 employees at its commercial airplane division in Settle over the next year. Most of the new layoff notices went to employees in the Puget Sound area where the the aerospace manufacturer has its commercial airline division. The notices will be effective on January 23, 2004. The company has cut over 36,490 employees since December 2001. Several thousand employees have also left the company due to attrition. Source: Orange County Register

October 22, 2003 California recorded the largest number of initial claims filed in mass layoff events this September.  29,429, mostly in administrative and support services and in the motion picture and sound recording industries. Texas reported 5,587 initial claims, followed by Illinois (4,510), Pennsylvania (3,481), and New York (3,384). These five states accounted for 60 percent of all layoff events and 56 percent of initial claims for unemployment insurance. Source: Mass Layoff Report

October 21, 2003 After peaking at 17.3 million in July 2000, manufacturing employment has fallen by 2.8 million over 38 consecutive months.

Since July 2000, employment other non-manufacturing sectors of the economy has risen by 671,000 through July to 115,306,000. Note: This information is from the Labor Department’s May Employment Report that includes major changes to that includes converting from the Standard Industrial Classification (SIC) system of establishments to the North American Industry Classification System (NAICS). This reclassification moved over one million workers out of the manufacturing sector to the service sector.

Copyright © 2003, 2004 United Intelligence Corporation