Not the sound of jobs leaving but of jobs evaporating:
The economy shed 533,000 jobs in November, according to a government report Friday - bringing the year's total job losses to 1.9 million.
November had the largest monthly job loss total since December 1974.
"This is a dismal jobs report," said Keith Hall, commissioner of the Bureau of Labor Statistics, at a congressional hearing. "There's very little in this report that's positive. This is maybe one of the worst jobs reports the Bureau of Labor Statistics (founded in 1884) has ever produced."
The just-under 1.9 million jobs lost in the current recession, which began in December 2007, surpasses the 1.6 million jobs lost in the 2001 recession.
It's also the sound of the Bush presidency as it winds down. The economic situation isn't entirely his fault, but he sure is going out on an exceedingly low note.
For more on the jobs report, see Joe Gandelman over at TMV.
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