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Who’s walking the line?

Mario Di Simine

Dec 4, 2008 13:58 UTC

AT&T is joining the ranks of companies sending its employees to the unemployment line. The top U.S. phone company says it will cut 12,000 jobs as the economic crisis bites deeper. Chemical maker Dupont added its own dash of dour news, announcing 2,500 job cuts. While there was some cause for cheer from weekly jobless data that showed the number of workers filing new claims for benefits unexpectedly fell last week, the figure was still in line with a shrinking labor market and economy. So, really, no good news there.

“We are going to see more layoffs as the economy continues to weaken,” said Barclays capital economist Michelle Meyer.

What do you think? If you have a job, are you worried about losing it? If you’re out of work, how tough is the market?