Matt Yglesias

Jan 9th, 2009 at 9:30 am

The Jobs

We’re now up to 2.6 million jobs lost in 2008 and an unemployment rate of 7.2 percent, the kind of numbers we haven’t see since we pulled out of the early 1990s recession.






14 Responses to “The Jobs”

  1. James Gary Says:

    It is all part of the “business cycle.” The Great Wheel. Life’s Rich Pageant. To everything there is a season. You gotta have yer ups, you gotta have yer downs. You can’t make an omelet without breaking some eggs. No one could have foreseen this. The statistical models remain fundamentally valid.

  2. Njorl Says:

    It’s just the business cycle. We also seem to be at the bottom of all of the business epicycles, too, according to my Ptolemaic Economic theory.

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