Job Losses Accelerate, Signaling Deeper Distress

Washington Post by Neil Irwin, Michael S. Rosenwald | Oct. 23, 2008 (News Report)

The labor market has been weak all year, with a slow drip of workers losing their jobs each month. But the deterioration of the job market is now emerging as a driver of economic distress, according to a wide range of data and anecdotal reports from corporate America. Full Story »

Posted by Kaizar Campwala

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Jim Lang
4.3
 by Jim Lang - Oct. 23, 2008

This is a well written and well sourced article presenting both data and anecdotes that demonstrate that an inflection point was recently reached in the rate of job losses as they accelerated in the souring economy. Anecdotal evidence is presented to show that economic uncertainly not just tight credit is having an influence.

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