The number of Americans applying for unemployment is at record high with 4,987,000 Americans receiving unemployment checks for the week ending Feb. 7th. The stimulus package will certainly provide some relief but the layoffs are still expected to be quite staggering. Moody’sEconomy.com ’s chief economists Mark Zandi expects that there will be 3 million job losses with the stimulus as compared to 4 million without the stimulus. According to Zandi, if the stimulus works as expected we will still see 250,000 job cuts a month as opposed to 500,000 at the moment.

Although layoff numbers have been quite shocking there are some companies that might actually end up hiring. Time.com recently published a piece that shows 10 companies that won’t cut jobs. Although these companies are feeling the economic pinch, for them to operate they need all their employees and laying off just isn’t an option. The 10 companies that won’t be cutting jobs as suggested by Time.com are listed below :

1. Cisco
2. Visa
3. Apple
4. Apollo
5. Altria
6. Google
7. Colgate
8. Verizon
9. Amgen
10. Corinthian College

For more information on these companies and why they won’t be laying off please visit Ten American Companies That Won’t Cut Jobs

Although some companies won’t be cutting jobs and government programs recently signed into law might help the economy to some extent, analysts say job losses might be the worst in 50 years by the time this recession comes to an end. Hopefully, we will hear some good news or the recession might worsen and push well into 2010.

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