It was quite a day today:
And the grand finale:
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A Sobering Economic Roundup
It was quite a day today: American Express Earnings Drop 79 Percent Sprint Nextel to Cut 8,000 Positions Caterpillar to Cut 20,000 Jobs Home Depot to Cut 7,000 Jobs And […]
Let’s see, 62,000 jobs is domestically a third of a point on the unemployment rate—very impressive one-day loss if that is what it is. A full point is approximately half the workforce of a Congressional district—ouch!