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Loan Modification

: Mortgage Lender Implode-o-Meter

Mass Layoff Events Pick Up, Faciliate EPS Beats

By Implode-Explode Heavy Industries

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"he Bureau Of Labor Statistics' Mass Layoff Events statistic indicates that the wholesale firing by corporations is accelerating once more again after a small respite in the January to March period. The BLS defines a Mass Layoff Event as one that occurs when an establishment has at least 50 initial unemployment compensation claims filed against it within a five-week period and the layoff lasts longer than 30 days. In other words, as the name implies, a mass layoff (and the reason for EPS to be sterling when revenues continue collapsing in all those Q1 earnings calls). This goes hand in hand with initial jobless claims reports. "

Full post as published by Mortgage Lender Implode-o-Meter on May 23, 2009 (boomark / email).

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