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Employment update (2)

Here's a chart which expands on the one in my previous post. It shows the 6-mo. annualized change in private sector jobs. I focus on private sector jobs in both posts, because the private sector is the more important one. Public sector jobs are going to be very weak for quite some time, given all the budget woes at the state and local level. Private sector jobs are the ones likely to turn up first. I note that private sector jobs actually increased slightly in November, and clearly the rate of decline has improved rather dramatically.

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