"...we could see a situation where another 4 to 5 million jobs could be shed in the United States", baed on further housing declines and associated layoffs, and, on public sector declines - according to Rosenberg [last post].
Note that an additional 5 million, on top of the current 14.6 million, would equate to top-line unemployment of about 12.4%, and U6 (real, including short-term discouraged and "temporary" part time workers) of well over 20%. This is soon to be an acknowleged depression, folks.
No comments:
Post a Comment