4

nytimes.com - 12/5/2008

U.S. Loses 533,000 Jobs in November

— nytimes.com — The unemployment rate rose to 6.7 percent as November saw the 11th consecutive monthly decline in nonfarm... payrolls and the largest since 1974. > (more) U.S. Loses 533,000 Jobs in November

U.S. Army

Comments vote downundo vote up Political Animal found this 12/5/2008found this

Leave a Comment

Glurk!!
J. Bradford DeLong's Grasping Reality with All Eight Tentacles — Rex Nutting of Marketwatch: Payrolls plunge by stunning 533,000 in November: U.S. nonfarm payrolls plunged by an astonishing 533,000 in November, the worst job loss in 34 years, the Labor Department reported Friday. It's only the fourth time in the past 58 years that payrolls have fallen by more than 500,000 in a month. Since the recession began 11 months ago, a total of 1.9 million jobs have been lost. The unemployment rate rose from 6.5% in October to 6.7% in November, the highest jobless rate since October 1993... Everytime I remark to Barry Eichengreen about the disjunction between the intensity of the financial crisis and its limited transmission to the real economy, he says ...

Another Meme Busted beyond Repair
Angry Bear — Brad DeLong sends us to Rex Nutting at MarketWatch: U.S. nonfarm payrolls plunged by an astonishing 533,000 in November, the worst job loss in 34 years, the Labor Department reported Friday. It's only the fourth time in the past 58 years that payrolls have fallen by more than 500,000 in a month. Since the recession began 11 months ago, a total of 1.9 million jobs have been lost. The unemployment rate rose from 6.5% in October to 6.7% in November, the highest jobless rate since October 1993. Of course, October 1993 was part of a ...