Saturday, September 12, 2009

10-Year Private Sector Job Growth Finally Goes Negative - BusinessWeek

Consider this a memorial service. Back in June, I wrote a post called “A Lost Decade for Jobs”, where I pointed out that 10-year private job growth was rapidly heading for zero.

Well, folks, it finally happened this morning. The employment report shows that private sector employment in August 2009 was lower than it was in August 1999—the first time this has happened since the Great Depression.

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