'No Hire, No Fire' Economy Confirmed As US Jobless Claims & Hiring Plans Plummet [zero hedge]
NOFIRE TECHNOLOGIES INC (NFTI)
NASDAQ:AMEX Investor Relations:
nofire.com/executivebiography.shtml
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Source: zero hedge
'No Hire, No Fire' Economy Confirmed As US Jobless Claims & Hiring Plans Plummet With the spice flowing once again (post shutdown), initial jobless claims continue to signal no labor market pain at all... plummeting last week to 191k (the lowest since Sept 2022 and before that the lowest since 1969!!) It appears a lack of government firings is helping as the 'Deep Tristate' initial claims tumbled to its lowest since Nov 2024... This lack of firing comes as ADP reports the biggest manufacturing sector job losses since COVID and Challenger, Gray & Christmas reports U.S.-based employers announced 71,321 job cuts in November, up 24% from the 57,727 job cuts announced in the same month last year. “Layoff plans fell last month, certainly a positive sign. That said, job cuts in November have risen above 70,000 only twice since 2008: in 2022 and in 2008,” said Andy Challenger, workplace expert and chief revenue officer for Challenger, Gray & Christmas. Continuing jobless claims continue to os
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