Jobs Decline For Ninth Month In A Row

Source: Jared Bernstein and Heidi Shierholz, Economic Policy Institute, Jobs Picture, October 3, 2008

The nation’s employers continue to cut payrolls, with jobs down by 159,000 in September, the ninth consecutive month of job losses. In every period since 1948 when payrolls have declined this consistently, the economy has been in an official recession. For in-depth analysis, see EPI’s Jobs Picture.

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