Friday, January 9, 2009

December Jobs in Freefall

The numbers were awful again:

  • 524K jobs lost (initial estimate)
  • 584K lost in November, revised from 533K
  • 423K lost in October, revised from 320K
  • 2,956K lost YoY

The job market is already worse than during the last recession.

Employment will fall to levels similar to the 1981-1983 recessions. At least.

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