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Friday, August 7, 2009


Employment Report: 247K Jobs Lost, 9.4% Unemployment Rate
by CalculatedRisk on 8/07/2009 08:30:00 AM

Nonfarm payroll employment continued to decline in July (-247,000), and the unemployment rate was little changed at 9.4 percent, the U.S. Bureau of Labor Statistics reported today. The average monthly job loss for May through July (-331,000) was about half the average decline for November through April (-645,000). In July, job losses continued in many of the major industry sectors.

*now this is good news. Right?
10,000 here we come

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