The Great American LAYOFFS You call this a recovery?

In the past year, 375,000 jobs have been lost, many for good, as most industries scale back.

The ax just keeps falling on the beleaguered American worker. In a new round of layoffs that underscored the weakness of the economy last week, three major oil companies announced painful business restructurings. Amoco said it will cut 8,500 jobs, or nearly 16% of its work force, as it abandons unproductive oil fields and writes off other assets. Unocal plans to eliminate 1,100 of its 17,000 jobs worldwide, mostly in the U.S. And Mobil said it is paring 2,000 salaried jobs, or 9.5% of that group. The energy giants joined such diverse blue-chip companies as Hughes Aircraft and Aetna in declaring...

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