You call this a Downturn? A report from Owen Thomas on Valleywag can be read two different ways.
He says, “The Federal Reserve Bank of Minneapolis has measured this recession against past ones and found it wanting. It will take more than twice as many layoffs before it counts as “harsh.” Take that, doom-mongers!”
Well, maybe. I still see that red line trending below the median level. So get what good news you can out of this, but now we can see what we’re up against.
