Sam Spade
SamSpade
Atlas Star
Posts: 27,547
|
 |
« on: July 02, 2009, 02:17:18 PM » |
|
To say this employment report was bad is an understatement.
B/D model "created 185K" of jobs. About 330K dropped off the numbers entirely (which is why the employment percentage didn't jump as much). Looking at the Rust Belt, it's pretty obvious that the eventual mass auto layoffs ain't here yet.
To those who think otherwise, when your economy is (or was) 70% consumer spending and wages keeping declining along with bank's cutting consumer credit, what do you think will happen?
|
Poll
