The unemployment rate crept up to 6.5% in October from 6.1% in September. This is the highest it has been since 1994. So far in 2008, 1.179 million jobs have been lost.
US Unemployment Rate: 1994 - 2008
In retail sales, usually the last bastion of employment for those thrown out of other jobs, the cumulative number of jobs lost since November 2007 ( a year ago) is 325,000.
Cumulative Jobs Lost in Retail Since November 2007
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"All people are most credulous when they are most happy; and when money has been made . . . there is a happy opportunity for ingenious mendacity." - Victorian journalist Walter Bagehot
"The craftsman's way of livelihood determines and infuses his entire mode of living....There is no split of work and play." - C. Wright Mills, "White Collar"
"The market can stay irrational longer than you can stay solvent." - Old Wall Street saying
"There is no human problem that could not be solved if people would simply do as I advise." - Gore Vidal
"I'd rather entrust the government of the United States to the first 400 people listed in the Boston telephone directory than to the faculty of Harvard University. " - William F. Buckley, Jr.
"Prediction is very hard - especially about the future" - Yogi Berra
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