Sometimes it is easy to get caught up in the less-bad comparisons.

This are Depression numbers, plain and simple.


http://www.businessinsider.com/rosenberg...

This survey showed a net job destruction of 589,000, bringing the decline to 1.8 million over the past three months — more than what was lost in the entire 2001
tech-wreck-recession.

All of the decline was in full-time employment.

Durable recovery phase??

Two-in-three companies are still shedding jobs, and more than four-in-five are doing so in the manufacturing sector.