The bad news is that the economy shed another 539,000 jobs last month; the good news is that all the punderati were expecting as many as 620,000, so the state was hailed as a sign that things were improving. Before you join the, um, celebration, consider that the White House doesn’t expect the job numbers to turn positive until sometime next year. And keep in mind that a survey of the nation’s largest financial institutions are still about $75 billion short on cash.
Tags: Economy, unemployment