Although still lower than the 4.3 percent US unemployment rate, the state's rising jobless rate is yet another sign of a rapidly slowing economy. It's not a doom and gloom scenario. You can't keep improving forever. Part of what we are seeing are layoffs that result from problems relating to the global economy, and overproduction,'' he said. We have a lot of chamber members who are small business owners, and they seem to be constantly looking for people.
Semiconductors is truly a cyclical industry.
That's what's driven our staffing changes,'' he said. The employees have all been notified. This isn't our only plant where this is happening. We are in the process of ramping up our sales force, but we think the process will go a little slower up there, because the positions have to be bargained for,'' said Elizabeth Tusing, a Verizon spokeswoman in Virginia. Still, Verizon's new sales jobs aren't likely to make up for the loss of 450 management jobs at the former Yellow Pages headquarters in Middleton.