Jan 9 2009
Employment Situation: 2.5 million jobs lost in 2008. 524,000 Jobs Lost in December, Unemployment Surges to 7.2%. Broader Measure of unemployment at 13.5%.
The unemployment situation continues to weaken. The BLS reported 524,000 lost jobs in December and also revised the November numbers up to 584,000. As we have been saying for some time, this now makes 2008 the year of worst job losses since World War II.
Job losses are going to continue for the next few months [...]
Jan 8 2009
Economic and Investing Forecast for 2009: 10 Charts Showing no Economic Rebound in 2009.
Today the ADP National Employment Report stated that private sector jobs fell by a much larger than expected 693,000 in December. This report stunned on the downside and is a prelude to the Bureau of Labor and Statistics report which comes out on Friday. The market also suffered its worst one day since early December. [...]
