Saturday, February 07, 2009

January's lost jobs: Like laying off Portland

The numbers associated with this recession are tough to grasp.

The latest is 598,000.

That’s the number of folks who lost their jobs in January.

It might help — if that’s the right verb — to know that the population of Portland is 576,000.

In other words, this economy threw the equivalent of the entire Rose City out of work in one month.

And what’s happening this month?

Is Seattle being laid off even as you read this?

Another “Deep Recession” note: We are hearing the term “deep recession” more and more. It’s transitional nomenclature that elides into where this is clearly headed — deep-ression.

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