More Dire Economic Data:
This morning, the unemployment rate for February was announced at 8.1%, a significant increase from January and part of an alarming upward trend. More than 650,000 jobs were lost last month and that number -- like those of previous months -- will likely be revised upward. All told, we have lost 2.6 million jobs in the last six months and 4.4 million over the course of this 15-month (and counting) recession.
Could we see 10% by the end of the year? Or even by June?
Goodbye 1982, hello 1933.
