Radio commentary, July 2, 2009

Gotta keep these opening comments short, since there’s a lot of interview material ahead. Because Friday is a holiday, we got the June employment report a day earlier than usual, and the news wasn’t very good. So much for last month’s hint of an improving trend. There’s almost nothing encouraging buried in the innards of this month’s report. June’s headline job loss of 467,000 looks “good” only in comparison to the awful numbers we saw earlier this year and late last. But it’s still quite bad. Losses were widespread through the major… Read More