unemployment

Most of you are familiar with the song and dance routine that surrounds the jobs report when it is released each month. No matter how much of a job deficit American workers face, George Bush claims another month of job growth.

One of the problems is that a key group of statistics - the Job Openings and Labor Turnover Survey (JOLTS) - is overlooked by just about everybody involved in spinning the employment report. JOLTS provides additional information to help qualify the raw numbers from the employment report.

WACHOVIA BANK CORP - Riches for CEO, Unemployment for workers -

Wachovia CEO gets $18 Million March 10, 2007. CHARLOTTE - The chairman and chief executive of Wachovia Corp., Ken Thompson, received compensation that the company valued at nearly $18.4 million in 2006, according to a regulatory filing yesterday.
http://www.journalnow.com/servlet/Satellite?pagename=WSJ%2FMGArticle%2FWSJ_BasicArticle&c=MGArticle&cid=1173350135956&path=!business&s=1037645507703

AND, SOON TO OUTSOURCE NORTH CAROLINA PROCESSING JOBS TO INDIA

Businessweek JANUARY 30, 2006

Wachovia will have outsourced 500 to 1,000 jobs, with plans to move an additional 3,000 or so by the end of 2007. ..Most, but not all, of those jobs are going to India....