Two posts from Paul Krugman's blog on employment...
Terrible employment numbers from Dec 6
The chart above shows the employment-population ratio, the ratio of employed Americans to the adult population. By this measure it’s been a weak economy all along — and now it’s falling off a cliff.
From Dec. 11...
Nosedive
Another day, another terrifying economic report, this time on unemployment claims.
So are we now losing jobs at the rate of 600,000 a month? 700,000? If fiscal expansion takes, say, 8 months to kick in (and that’s optimistic), where will that leave us?
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