Wednesday, February 3, 2010

Annual Economic Employment Revision Expected to Indicate an Additional 824,000 Jobs Lost

Does this mean the stimulus/bailouts were even less effective then we previously thought? Considering that they are generally seen as failures now, it may just change perception as to the degree of failure.

"The U.S. may lose 824,000 jobs when the government releases its annual revision to employment data on Feb. 5, showing the labor market was in worse shape during the recession than known at the time."

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