Friday, December 4, 2009

Jobless Numbers

They are doing back-flips at the White House today after release of the November jobless report that showed losses had slowed. No, there were no net job gains, we are still headed south and as the above chart illustrates we are doing so at a rate not seen since the Great Depression. Contrast those three lines - which one is the one we have spent over $1 Trillion in ? Oh, that's right, the worst one - the "Recession of O." One piece of good news, they don't seem to be trumpeting that little bit of happy smoke, the "jobs saved or created" number around. Maybe that file got mixed in with the CRU data...

No comments: