Relevant:
- Comparing Present Unemployment To Great Depression On A Consistent Basis -- "Great Recession" = "Greater" Depression?
- This Time Unemployment Might Be A LEADING Indicator
- US Manufacturing: PMI Drops To 8-Month Lows, While ISM Shows "Rebound"
- Obama: $4 trillion budget replaces 'mindless austerity'
- Forget Unemployment, Check Out The Depressing Surge In Food Stamps
2008-12-05 — denninger.net
"No, this isn't a Depression print - yet. But it sure as hell is a serious recession print, and remember kids, unemployment is a lagging indicator, being 6-12 months behind the actual economic condition."
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