The latest job numbers are out. Hint: They're bad. Unemployment at 8.5 percent. Around 663,000 jobs lost in March. Upward revisions of about 84,000 more lost jobs than were originally reported in January and February. Justin Fox updates his chart.
"Okay," he says, "now job losses are a LOT worse than 1981-1982." The problem I always have with this sort of data is its bloodlessness. It's hard to keep in mind, but losing 663,000 jobs is the equivalent of every single human being in North Dakota losing their job. Moreover, our losses have averaged 684,000 jobs per month since November. So add the whole state of Iowa to the total. This is a lot of people experiencing a lot of misery, fear, and insecurity.
"Okay," he says, "now job losses are a LOT worse than 1981-1982." The problem I always have with this sort of data is its bloodlessness. It's hard to keep in mind, but losing 663,000 jobs is the equivalent of every single human being in North Dakota losing their job. Moreover, our losses have averaged 684,000 jobs per month since November. So add the whole state of Iowa to the total. This is a lot of people experiencing a lot of misery, fear, and insecurity. 
