Job Losses Were Even Worse Than Thought

The government recently conducted its annual update to its benchmark for calculating nonfarm payrolls. As it turns out, the job losses were even worse than we originally were told.

Here’s a comparison of old and new (the jobs figures and in thousands):

From January 2008 to February 2010, the economy lost 8.75 million jobs.

Posted by on February 15th, 2011 at 3:11 pm


The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.