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Search Results  bureau of labor statistics |
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| Still heading south | 04-JUL-09 |
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| US unemployment: So much for green shoots. The 467,000 decline in US non-farm payroll employment in June was greater than in any month of the 2001-02, 1990-91 or 1980-82 recessions. Even discounting possible “noise” in the Bureau of Labor Statistics figures, this shows the recession is not yet bottoming. Stock markets, budget estimates and stress test assumptions may all have been too optimistic. |
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