Oct 2
2009

From today’ s Wall Street Journal:

Job cuts accelerated in September as employers eliminated
 263,000 positions, more than expected and higher than August's
 revised 201,000 cuts. In a further sign that labor-market pain
 is unlikely to end soon, a separate survey showed the
 unemployment rate rose to 9.8%.

I guess that means that the people who’ve been saying the “stimulus” isn’t working weren’t all crazy after all. Here’s some thoughts from Forbes.

I know, for sure, that it means we all have to be doing more about getting better - because we’ll be competing for fewer jobs and we’d all better get better at understanding what’s coming and planning for it.