job-losses
Spike in Unemployment
11.07.08- From the NY Times: “The unemployment rate spiked to 6.5 percent from 6.1 percent, the highest level since 1994. Many analysts now expect unemployment will reach 8 percent by the middle of next year.” Looks like the frantic action of crusty central bankers and panic-stricken politicians isn’t doing anything too stop the economy from [...]
Six Months of Job Losses and the Credit Bubble
Poof! That was the sound of approximately 62,000 jobs vanishing from the U.S. economy last month. June marks the sixth straight month of job losses. As for the month of May’s half percentage point spike in the unemployment rate to 5.5 percent – it stayed the same for June as well. Whaddya know? That huge [...]
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