Jun 5, 2009

The Mezzo-Mezzo Jobs Report


So, I guess it's good news because it's not getting worse...right?

I mean, as a non-economist, when I see that we lost 345,000 jobs in May, I think about all the men and women who lost those jobs and what that will mean for their families in the months ahead.

There's no good news for them.

On the other hand, the Washington Post reports that:
Economists had expected a much worse loss, of as many as 525,000 jobs. The Labor Department also said that April job losses were somewhat less severe than originally reported.
So I guess that's good. That's 180,000 jobs we didn't lose; that's 180,000 people who can still expect a paycheck next week or next month. The bleeding hasn't stopped, but at least it's slowed a bit.

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