A jobs jolt

By Geert De Lombaerde Posted on November 6, 2009 at 10:49 am

I know the basic argument that employment is a lagging indicator, but who’s going to stand up and say this number won’t make for a dismal holiday shopping season? And keep in mind that the official unemployment rate doesn’t account for people who have simply stopped looking for work. Add them in and we’re getting way too close to 20 percent.

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Tags: economic indicators, employment, job loss, unemployment  

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