Boeing cutting 1,000 more jobs

Boeing will slash about 1,000 jobs from its Integrated Defense Systems department because of funding cuts by the Pentagon, according to a memo to employees. These cuts are in addition to previously announced job cuts at the aerospace giant.

The Boeing news, coupled with job cut announcements Tuesday at NASA and US Airways, is a stark reminder of the continued precarious position of the U.S. worker in a severe recession that won't loosen its grip.