June 6, 2008
The jobless rate jumped to 5.5% in May, with reports of another 49,000 pink slips being handed out with paychecks. This marks the highest rate of unemployment since 1986. Is it time to say “recession”?
The latest snapshot of business conditions showed a deeply troubled economy, with dwindling job opportunities in a time of continuing hardship [...]
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April 4, 2008
The question seems to be answered at this point. It is looking like recession… at least for the 80,000 people who lost their jobs in March. In the three previous months a total of 85,000 jobs had been lost. The trend is definitely downward in the employment market.
In recent testimony before Congress Federal Reserve Chairman [...]
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