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The Ravages of Unemployment

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Monday, it was 20,000 at Caterpillar, 8,000 at Pfizer and Sprint/Nextel and 7,000 at Home Depot. Yesterday it was 3500 at Corning Glass and today it’s 10,000 at Boeing. In manufacturing and retail, even in Silicon Valley, unemployment is rising fast. With Congress debating his stimulus plan, President Obama spoke to a roomful of CEO’s today. He said what they do matters more than what happens in Washington. We hear which workers are most likely to be laid off and which companies are trying to hold on to their employees. In an economy transformed by recession, what will it take to get the next job?

Credits

Guests:
Rajeev Dhawan - Director of the Economic Forecasting Center, Georgia State University, Eric Savitz - Blogger and Columnist, Barron's , Charles Heckscher - Director of the Center for Workplace Transformation, Rutgers University, Kate Wendleton - President, Five O’Clock Club

Host:
Warren Olney

Producers:
Andrea Brody, Katie Cooper