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Friday, March 27, 2009

Put it in persepective.

Here is some perspective re: February's jobs numbers. We have about 12 million people unemployed now. Not good. But that is about how many were unemployed in 1936 during the dark days of the Depression. See how our nation has changed? And roll this over in your mind. Say, just picking a number, China has 1 billion workers in their labor force. A 10% unemployment rate would put 100 million souls out on the street looking for work. Somehow 12 million doesn't sound so daunting does it?



http://economix.blogs.nytimes.com/2009/03/06/putting-a-months-job-losses-in-perspective/#more-1457

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