Employment crosses the line

With the January figure, payroll employment has crossed the line of the worst previous recession, the one beginning in July 1981, rescaled to the size of today’s labor force. One more bad month and the current recession will become the worst on record, apart from the Great Depression.



2 Responses to Employment crosses the line

  1. […] at the employment, rather than unemployment, gives an even bleaker picture: Employment Numbers Approaching 1982 Lows.   By the way, Bob Hall is a macroeconomist at Stanford.  You can click on the “Woodward […]

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