Thursday, July 9, 2009

All jobs created in 21st century are gone!

All the US jobs created since the turn of the 21st century are gone. Apropos employment, it's as if the last 8 1/2 years never happened and we are back in the summer of 2000. And the losses keep coming. So much for the dimwit bloggers who think that there's good news about the economy. Over at ShadowStats the news is even grimmer. The unemployment-underemployment figure now exceeds 20%! We're in Great Depression territory and a long way from the bottom. Even worse: when we finally hit bottom, who says that we won't stay there?

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