We are now standing at the most significant crossroads in this economic decline as we find out on Friday and over the following two months if the employment situation will follow a trend similar, albeit more severe, than the past two recessionary contractions OR if we are in for an entirely different type of recession.If we see sequentially declining jobs numbers for December and then for January and February, we are likely in for a long and severe recession the likes of which virtually all current workers have never experienced resulting in a FAR more complex economic situation for the country.
The Challenger Job Cuts point to moderation in job losses while the ADP numbers point to a substantial deterioration for Friday’s results…
So, where are we headed?
