Snow Job

Economists are predicting November was the worst job loss month in 26 years, an estimated 335,000 jobs went bye bye, the educated guess is unemployment at 6.8%. The real numbers will be out at 8:30.

I'm expecting them to be significantly worse.

[UPDATE] "Significantly worse" indeed. A staggering 533,000 jobs lost in November to a 6.7% unemployment rate, the worst single month since 1974. The newly revised numbers for September and October mean a heart-stopping one-and-a-quarter million jobs lost in the last three months alone.

Almost 2 million jobs now lost in 2008. December's numbers will certainly put us over that mark. The pain is just beginning, folks. No bottom is visible. 2009 could actually be worse.