04/17/2009 05:14 pm ET Updated May 25, 2011

250,000 Jobs Will Still be Lost Monthly

Arnold Schwarzenegger terminated 10,000 people yesterday in a state-wide layoff that threatens to double today. "The governor, facing a $42 billion deficit, was prompted to move on the layoff notices after lawmakers missed a Monday night deadline to reach a budget deal, McLear told CNN late Monday."

Kansas Governor, Kathleen Sebelius, signed a budget-cutting bill on Tuesday to ensure that state employees received their paychecks on Friday. The bill also released state income tax returns.

Toyota has had to reduce the workweek until it starts seeing more sales. Toyota has managed to keep it's 1,900 workers in San Antonio employed, nonetheless.

Despite President Obama's signing of the $787 Billion recovery plan, Mark Zandi, chief economist at Moody's argued that 250,000 jobs will still be lost monthly.

Hence you may want to start updating your resume and memorizing answers to difficult interview questions.

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