Thursday August 6, 2015

// August 6th, 2015 // Daily News

US layoffs surge to 105,696 in July on military cuts: Challenger

CNBC.com

U.S. job cuts soared to a nearly four-year high in July as the military announced plans to reduce troop and civilian workforce payrolls, according to outplacement consultancy Challenger, Gray & Christmas.
Employers based in the United States announced 105,696 layoffs last month, the first time monthly reductions exceeded 100,000 since September 2011. A year ago, U.S. companies announced plans to cut 46,887 jobs.
The Challenger report comes a day before the Labor Department’s crucial July jobs report. A weak report would make it less likely for the Federal Reserve to announce its first interest rate increase in nine years at its September meeting.
Read MoreUS private sector jobs fall short in July
July’s reductions bring the year-to-date total to 393,368 cuts, a 34 percent increase from the period last year.
The Army accounted for more than half of the total with 57,000 cuts expected over the next two years.
“When the military makes cuts, they tend to be deep,” Challenger CEO John A. Challenger said in a statement. “With wars in Afghanistan and Iraq winding down and pressure to cut government spending, the military has been vulnerable to reductions.”
The technology sector also contributed to July’s announced job reductions, with computer and electronics companies announcing 18,891 layoffs in July.
Microsoft’s decision to close its Nokia division resulted in 7,800 job losses, while Qualcomm said it would hand out 4,500 pink slips. Intel also announced it would shed 3,180 jobs.

Today’s Inspiration

The Path of Forgiveness

by Joyce Meyer – posted August 06, 2015

And whenever you stand praying, if you have anything against anyone, forgive him and let it drop (leave it, let it go), in order that your Father Who is in heaven may also forgive you your [own] failings and shortcomings and let them drop.
– Mark 11:25

Why me, God? was the cry of my heart for many years. Because of my wounded emotions from a lifetime of suffering, I lived in a wilderness of self-pity and unforgiveness. It was a huge problem that kept me from fulfilling the plan of God for my life.

Many people are hurting terribly and are crying out for help, but they aren’t willing to receive the help God has to offer. It is amazing how often we want things our way. When someone hurts you, you feel they owe you something, yet Jesus wants you to let it go. No matter how much you may want His help, you will receive it only when you become willing to do things God’s way.

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