Marc Faber on Equities (NDTV), September 1, 2009
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The ADP report of 298,000 non-farm sector jobs lost for August 2009 in USA was received somewhat positively. How is it in perspective to 2008?
August 2008 - 33,000;
Sept 08 - 8,000;
Oct 08 - 157,0000;
Nov 08 - 250,000;
Dec 08 - 693,000;
The before adjustments numbers above might suggest that August - November naturally see less job losses. But 2009 is still over 800% worse in the number of non-farm jobs lost in August than in 2008 regardless of how one looks at it.
vimzibaiegh 2 years ago