The Economy Is Even Worse Than You Think

Guajardo · Guajardo

http://online.wsj.com/article/SB124753066246235811.html

Quote:

The Bureau of Labor Statistics preliminary estimate for job losses for June is 467,000, which means 7.2 million people have lost their jobs since the start of the recession. The cumulative job losses over the last six months have been greater than for any other half year period since World War II, including the military demobilization after the war. The job losses are also now equal to the net job gains over the previous nine years, making this the only recession since the Great Depression to wipe out all job growth from the previous expansion.

Yikes. It's looks as though the US is in for a bumpy ride.

drvenom · drvenom

Quote:

Originally Posted by Guajardo

http://online.wsj.com/article/SB124753066246235811.html

Yikes. It's looks as though the US is in for a bumpy ride.

Here smile: http://money.cnn.com/2009/07/15/news...ion=2009071515

Unfortunately my membership with the dismal scientist has expired. Otherwise, I would look at the indicators myself and tell how things are looking. I'm to lazy to go fishing for the indicators right now.

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The Economy Is Even Worse Than You Think