It's starting to get a bit crowded: It seems I spoke too soon.

Today has been a very ugly day for the job market as many big-name companies announce massive layoffs across the country.  The tally, as I've been able to gather form different sources, is as follows:

Home Depot -               7,000

Sprint Nextel -             8.000

Caterpillar -                20,000

Texas Instruments-    3,400

General Motors-          2,000

Pfizer-                          19,500

Philips-                          6,000

ING-                              7,000

Corus-                           3,500

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GRAND TOTAL        76,400 Jobs lost today.

Here are a couple of links to the articles I used get these numbers:

Financial Times - http://tinyurl.com/b4mzcl

New York Times - http://tinyurl.com/dzqgey

As far as I can tell from news reports that I have read, there is no foreseeable ending to this downward trend.  Experts are saying there will be more to come and that 2009 is not going to be pretty.

In the meantime, families are at home gritting their teeth and shutting their eyes while they wait for the next painful blow.