[mEDITate-OR:
finally understand why "economics" really IS the "dismal science"
While my first impressions, below, was that no body should have to read about this mess, upon more sober reflection - aka, having finished my morning Starbucks Sumatra coffee - we think that YOU really do NEED to read Jim's observations.
This IS truly ugly.
How ugly it really is, and where we are going, will be better understood if you read CR's posting.
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The part time and the over 26 week charts
show U.S. that what looks bad, is in fact even more horrible.
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[mEDITate-OR:
not know that CR's great charts are now permanently available, even if you missed them.
If that give you a "feel good" moment...
do not, we repeat, do NOT read the CR articles below
AND
do NOT look at the CR charts.
Vote Republican, again, and not give a Shiite.
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November Employment Report: 39,000 Jobs, 9.8% Unemployment Rate
http://www.calculatedriskblog.
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Employment Summary and Part Time Workers, Unemployed over 26 Weeks
http://www.calculatedriskblog.
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Seasonal Retail Hiring: Retailers remain cautious
http://www.calculatedriskblog.
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