Employment Situation: 2.5 million jobs lost in 2008. 524,000 Jobs Lost in December, Unemployment Surges to 7.2%. Broader Measure of unemployment at 13.5%.
The unemployment situation continues to weaken. The BLS reported 524,000 lost jobs in December and also revised the November numbers up to 584,000. As we have been saying for some time, this now makes 2008 the year of worst job losses since World War II.
Economic and Investing Forecast for 2009: 10 Charts Showing no Economic Rebound in 2009.
Today the ADP National Employment Report stated that private sector jobs fell by a much larger than expected 693,000 in December. This report stunned on the downside and is a prelude to the Bureau of Labor and Statistics report which comes out on Friday. The market also suffered its worst one day since early December. […]
The Federal Reserve and U.S. Treasury Determined to Sink the U.S. Dollar in 2009. Why Gold and U.S. Dollar went up in 2008.
2008 will go down in history as the worst global market for countless investments since the Great Depression. It was significant even with the late rally which occurred after the November bottom. What this signifies is that market volatility a sign of a very unhealthy marketplace will continue in 2009. Yet the more important point […]
Recessions: The Last 5 Recessions and Measuring how long we will have job losses. This will be the worst recession since World War II.
Forecasting is a tricky road to walk on in the investing world. That is why trying to predict future job losses is more of an educated guess. In fact, the National Bureau of Economic Research (NBER) only recently stated that we were in fact in a recession. I have put out an estimate that by […]