Merrill Lynch: "We're In A Recession"

[fishpoopoo]

Originally Posted by wheresmy50

If ML thinks 5% unemployment = a recession...

Last week's unemployment figures rocked the markets.

Anyhoo, recessions aren't measured by unemployment. they're measured by back to back quarters of GDP declines.

You should know that the BLS (Bureau of Labor Statistics) "manufactures" a lot of jobs with "estimates" of job growth. Don't believe me?

http://www.shadowstats.com