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COFES Blog
Jun
6
Written by:
Russ Henke
6/6/2009 6:36 AM
Just 12 days ago on May 25, 2009, we discussed in this blog space the search for signs that the current economic recession might be bottoming out. For weeks, optimists had been suggesting that the May 8, 2009 Labor Department report of “only” 539,000 jobs lost in April was a sure sign that the worst was over. The revised figure for April is even better – only 504,000 jobs were actually lost, said the Labor Department on June 5, 2009.
More striking is the Labor Department report for jobs lost in May 2009, released yesterday – only 345,000! Yes indeed – a definite improvement!
But the damage done since the recession began in December 2007 is very much still with us, as set forth in the May 25, 2009 blog entry previously mentioned and as articulated soberly and comprehensively in a June 5, 2009 article in the New York Times by Peter Goodman & Jack Healy, entitled, “Hints of Hope Even as Jobless Rate Jumps to 9.4%.”
Just copy and paste to your browser the following URL:
http://www.nytimes.com/2009/06/06/business/economy/06jobs.html?th&emc=th
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