7:13 PM
This chart shows just how deep the current job loss cycle is compared to previous recessions.
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7:12 PM
The scariest part of today's grim nonfarm payrolls report, Paul Krugman says, is the plunge in the rate of wage change over the last three months. "Bear in mind that inflation usually runs below the rate of wage change... so we're really heading into Japanese-style deflation territory."
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