CEPR - Economy Loses 159,000 Jobs in September, Sharpest Drop Since March ?03 »
Posted By bruhaha 1 year, 3 months ago in Business & Finance“The unemployment rate is likely to cross 7.0 percent early in 2009.”
The economy lost jobs for the ninth consecutive month in September, with the pace accelerating to 159,000 jobs. This was the largest one-month fall since March of 2003 when the economy lost 212,000 jobs. The unemployment rate held steady at 6.1 percent, even though the employment population ratio (EPOP) inched down to 62.0 percent. These data, together with other recent reports, leave little doubt that the economy is in a recession.
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bruhaha
Geologist at an environmental consulting and engineering company here in the Chicago suburbs.
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