Think of it this way, for 21 months we have lost on average over 11,000 jobs per day. As we reach the two year anniversary of this recession not much has changed for the average American. The banking system is still in shambles and the employment picture is still bleak. Yet a surprising revision was made in the recent BLS report. That is, in February of 2010 when revisions are made some additional 824,000 jobs were lost! That is correct, some 824,000 jobs have been lost and these do not show up in the current BLS data.
Take a look at the revision:
Economy Losing 11,000 Jobs per day since December of 2007. 824,000 Jobs Lost in Statistical Revision: 8 Million Jobs Lost Since Start of Recession. Nationwide Unemployment Rate at 17 Percent.
Current Status: Published (4)
Seeded on Thu Aug 2, 2012 10:29 AM
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