Friday, October 3, 2008

The dog they sell

http://money.cnn.com/2008/10/01/news/economy/jobs_forecast/?postversion=2008100112

Oh Yeah real figures tell
About the loss of jobs
That the bailout will not quell
If anything it makes steeper
The price of paybacks way
Because the people have no money to buy
That makes unemployment rise today

Job losses have been mounting, and the slowing economy and credit crunch is likely to take an even greater toll in the coming months.

Analysts on average forecast that the monthly employment report expected Friday will reveal that the economy shed 105,000 jobs in September - the largest monthly loss in five years. The economy already has lost 605,000 jobs this year.

Unemployment is expected to remain at a relatively high 6.1%.

What's more troubling is that hiring trends have