Friday, January 8, 2010

Still Shedding Jobs

Today's employment report from the BLS shows that we are still shedding jobs (only 85,000 this month, though; woo-hoo!). The unemployment rate remains 10%. Graphs like this one (from Calculated Risk) help make clear why some folks call the the Great Recession. You can see that the employment-population ratio hasn't been this low since 1983. This is most likely not because people are opting for more leisure.

Update:Here's a link to the BLS employment report.
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