In the News (from The US Department of Labor): “Employment Situation Summary” Non farm payroll employment continued to decline in April (-539,000), and the unemployment rate rose from 8.5 to 8.9 percent, the Bureau of Labor Statistics of the U.S. Department of Labor reported today. Since the recession began in December 2007, 5.7 million jobs have been lost. In April, job losses were large and widespread across nearly all major private-sector industries.
My Comment: Yet we are told that the crisis is over, that we have already passed the bottom and are recovering…
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