I've come to believe that the reports of job losses and unemployment really mean nothing these days. A week like we've had would point to a turning economy but from the average man / woman, times suck. I don't know people that are doing better or their job prospects are turning around.
This article is interesting to read and gives a little bit better explanation of what these numbers actually mean.
Krugman
By the end I think he sums it up well (and I'll paraphrase), the crap storm might be slowing down but we're still standing and sinking in crap.
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