Chichot historii
/ 83.5.64.* / 2009-04-08 15:35
Nonfarm employment has dropped by 5.1 million, or 3.7 percent, since its peak in December 2007. In the 1981-82 recession, employment fell 3.1 percent, and in 1974-75 it fell 2.8 percent. In fact, the only time that America shed jobs faster was during the Great Depression, when a third of all nonfarm jobs disappeared.
Making matters worse, according to a recent poll, more than 6 in 10 Americans are concerned that someone in their household might lose his or her job in the next year. We haven’t seen the bottom in the job market, and until we do, a pall of fear will probably hang over the economy and the stock market.