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Thursday, February 04, 2010

Job(loss)-full of errors

Job losses from Great Recession about to get worse - Yahoo! Finance: "Job losses during the Great Recession have been huge and they're about to get bigger.

When the Labor Department releases the January unemployment report Friday, it will also update its estimate of jobs lost in the year that ended in March 2009. The number is expected to rise by roughly 800,000, raising the number of jobs shed during the recession to around 8 million."

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That's a revision of around 11% of the original numbers. The market gets fixated on the weekly numbers.

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