Bad Economic Times

Ken AshfordEconomy & Jobs & DeficitLeave a Comment

Payroll employment plummeted by 63,000 jobs last month, with the losses spread throughout a wide swath of the economy, not just construction and financial services.

From the Washington Post:

And in a particularly worrisome sign, temporary help services cut 27,600 jobs. Often, companies cut temporary workers before shedding permanent jobs, making that category a leading indicator for what is to come.

The online WSJ says it all:


And gas prices?  Well, if you drive, you already know….

[By the way, the last story in the WSJ?  Ironic isn’t it?]