Job Growth Hits the Wall as Financial Turmoil Hits the Job Market
We were afraid this shoe might drop, and drop it did last month, with a thud, right in the middle of the US job market, which lost 4,000 jobs, the first such loss in four years.
A central question surrounding today’s jobs report was whether it would provide clear evidence of a contagion effect from financial markets. Are the bursting housing bubble, the credit crunch, and recent financial market turmoil having a negative impact on the job market?
