So much worse than Carter


Filed Under Policy on Oct 13 

Well worth a morning read:

So Much Worse Than Carter
By Peter Ferrara on 10.13.10 @ 6:08AM

The most important fact to take from the September unemployment report released last week is that almost three years after the recession began the economy was still losing jobs! Almost 100,000 (95,000) additional jobs were lost last month from the economy overall. That makes 400,000 jobs lost since May. Moreover, in a regular annual benchmark revision to calibrate unemployment rates for updated data, the BLS reported a further 366,000 jobs lost for March. The total number of Americans unemployed stands at almost 15 million (14.8).

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