If you ever wonder why everything in the financial world is a stunning surprise and all results are different than expectations, this article should help you stop wondering.
In it, we learn that a worsening economy that lost 2.6 million jobs in a year, almost all of them in the last 6 months, could (mind that word now, could) lose 2.0 million jobs in the next year.
WHAT?
So, economists’ math goes like this:
-2,600,000 jobs
+worse job market
——————
-2,000,000 million jobs
Apparently, a “worse job market” means “600,000 jobs better than a better job market”.
And we wonder how things got this bad.
