Unexpectedly!
Huh. When I heard that Christine “Eight Percent” Romer was off to spend more time with her family, I assumed that it meant that the jobs report today would be awful. Which it was; but it wasn’t shockingly awful, if you know what I mean? By now we’re used to the economy being in neutral, or in this case, not actually being in the car anymore and flying through the air in front of us as the canyon floor looms ever larger.
Yup, we shed jobs again this month. Twice as many as forecast. Continue reading #rsrh Romer now unemployment statistic.