The job cut may have to do with Nokia issue, instead of US economy.

US economy is growing at 2~3% which is considered ok to robust pace
Payroll number show >200K job created last few months.
Jobless rate declining
Stock market at all time high.

Nokia is losing market share and not as dominant as last time.
PC maker market has been "eroded" by tablet.

The trend is changing.
Those early and adopt well in smartphone and tablet flourish, while conventional PC market that fail to take advantage of the smartphone/tablet/cloud services are left behind.

Even overall economy situation is good, there are job cut as well, due to
individual company/sector is not doing well
restructuring of the company
etc reason.

Now you hear the job cut a few thousand staff, ten of thousand staff, but when the corporate hiring back time, they do not announce big.
So we can't always conclude just there is news of job cut by MNC, then economy must be in doom and gloom.

Hiring, retrenching are part of cycle of employment situation.
We can't always read the bad news, while ignore the good data.
Situation may not as good but not as bad as well.

The analogy is like we have plane crash, car crash every year, every day, the label it is dangerous to ride a place and car because it can crash.
Out of 1 plane crash there are 10 million plane landed safe.
Out of 1 company retrenching, there may be 100 other company hiring.

So in order to judge the overall, macro situation of economy, you take the total.

The overall job created >200k per month speaks all the economy situation.
The all time high stock market speaks how well the overall corporate profit is.

I have nothing to say, if one still needs source to know Nokia is losing market share and PC market is eroded by smartphone and tablet.

The job number >200k job created, already speaks all.
The stock market, DJ, S&P at all time high, as well as Dax, already tell us the story how the economy situation.
So don't need long winded typing.

The end for this chapter.