Note that absolute job loss numbers can not really be compared over time. One must look at the percent of overall employment. On that basis this is not the worst. However, it will very likeley get much worse.
However, it will very likeley get much worse.
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
I suspect so, it seems to be a positive feedback loop (some are erroneously calling it negative feedback) as more people lose their jobs consumer spending falls of necessity and with falling sales businesses layoff more people and more businesses fold. We don’t have the cushion of a large percentage being able to live off the land as they did during the thirties. I was born in the forties and we lived what would be considered a very poor lifestyle but we had wood for heating, we had homegrown vegetables and meat and wild game and fish. Those who had little when times were good lived about the same when times were bad.