30Aug/090
An Encouraging Trend in U.S. Job Losses
According to government statistics, U.S. month-to-month total employment experienced its sharpest drop in January 2009, at -741,000 jobs. Since then, the pace of decline has slowed and in the latest month (July) it was a much better -247,000. It may seem odd to call a quarter of a million jobs lost encouraging, but in context and relatively speaking, it is. Total employment may still be sinking, but some sectors are experiencing more buoyancy than others.
