September Jobs Report Comes Down TWICE AS BAD As Expected

DriftingByTheStormDriftingByTheStorm Posts: 8,684
edited October 2008 in A Moving Train
Estimate Was Expecting something like -89K jobs,
Report released today says -159K is total loss for September.

TWICE AS BAD AS EXPECTED.

More proof that this ball is just STARTING to unwind.

Don't forget when home inventories came out a week ago,
they were UP again ... meaning that the housing bottom is also NOT in.
The inventory of homes in the market is now OVER A YEAR, i believe.

Sigh.
If I was to smile and I held out my hand
If I opened it now would you not understand?
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