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Market Currents

Friday, January 9, 2009
8:56 AM TweetThis
  • Hours worked per week down 0.2 to a new cyclical low of 33.3, which could be a sign of things to come. First they cut the hours, then they cut the jobs.
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This news story has 2 comments:

  •  
    If hours worked is falling, incomes are falling. Real estate prices are falling. Interest rates are falling. Deflation continues to be a very real possibility in this environment
    Jan 09 09:10 AM | Link | Reply
  •  
    I agree with Mr. Hoover. How can the Fed say they are worried about inflation when all signs point to continuing Deflation? Just as they revised the previous jobless claims downward, wait until they revise todays report.
    Jan 09 09:30 AM | Link | Reply
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