Jobs Data Not All Bad

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Losers?
The numbers are still negative and a drop of a few thousand is insignificant.
There are still 7 million already out of work and their numbers are increasing by more than 500k per month.
What exactly is good about this situation? Nothing.
And yes, I'll keep an eye on it.
Right.
The jobs are gone and will not return this time. There is too much gone. The number of unemployed will top 12 million.
Mark my words. Those 12 million are unlikely to ever find another job. The jobs that evaporated will not return.
Welcome to America, a Second World Country.

DaveH. of NC 7:44PM May 22, 2009