The terrible jobs report
Bob Morris @ Jul 3rd 2008 09:22 - Category: Unfiled
Total job losses since the first of the year are now 438,000. That’s a loss of 73,000 a month. The economy needs to CREATE 125,000 jobs a month just to keep up with population growth.
In other words, this hole is getting deeper.
Nor does there seem to be any bottom to the hole, as yet.
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