Here is a preview of the January employment report (due Friday) from Rex Nutting at MarketWatch: Fifth straight month of heavy layoffs should push jobless rate to 7.5%. With a half million jobs lost last month, the unemployment rate is expected to rise to 7.5% in January from 7.2% in December. It would be the highest unemployment rate since 1992. Economists expect the jobless rate to hit nearly 9% by early next year. |
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At www.calculatedriskblog.com
OpedNews volunteer from 2005 to 2013.
Amanda Lang was a wonderful member of the Opednews team, and the first volunteer editor, for a good number of years being a senior editor. She passed away summer 2014.