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This is not your average recession.
More than 500,000 jobs lost in November - the worst monthly job loss in 34 years.....and nearly 2 million jobs lost for the year.
As a result, the number of people receiving unemployment benefits is the highest in 15 years and the increasing in continuing claims was the largest jump since 1974.
Retails sales for Nov were one of the worst monthly sales drops in the more than 30 years. The International Council of Shopping Centers said this was the biggest drop since it began tracking data in 1969. Standard & Poor's 500 Retailing Index has declined 35 per cent this year.
No...this is not your average recession.
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"The perfect is the enemy of the good."
~ Voltaire
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