In the AP story, one guy says this,
“We were on the road of things getting less bad in the jobs market, and that has been temporarily waylaid,” said economist Ken Mayland, president of ClearView Economics. “But this doesn’t change my view that the recession will end later this year. We’re probably two months away.”
How’s that for wishful thinking. We lost 467000 jobs last month but in two months it will all be over.