Unemployment Soars as Private Sector Jobs Contract

"Those who talk about a "low unemployment" rate are simply not looking at the right data. 8.7% is much closer to reality than 5%." -- Mish slices and dices. The point: a corner has been turned in employment, and new the trend is not good. We hope everyone listened to us for the past year and didn't base their plans on an improvement of employment from historical strength.