The Juice: A Little Something Extra for your morning
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Bad job news. Very bad.
We keep hearing that the subprime lending mess probably won't bring down the broader economy, but this morning's jobs report suggests otherwise. For the first time in four years, employers fired more people than they hired in August. The net result was a loss of 4,000 jobs. This caught economists completely off guard — they'd predicted that companies had added 110,000 jobs last month — and Wall Street is reeling in early trading.
Posted on September 7, 2007 7:14 AM PT | Permalink
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