Unemployment Continues Its Upward March

ADP payroll figures came in at 729,000 total nonfarm jobs lost, worse than expected.  This doesn't necessarily mean that the recovery hasn't started--unemployment is a lagging indicator.  But the market sure doesn't like it.

Presented by

Megan McArdle is a columnist at Bloomberg View and a former senior editor at The Atlantic. Her new book is The Up Side of Down.

Join the Discussion

After you comment, click Post. If you’re not already logged in you will be asked to log in or register with Disqus.

Please note that The Atlantic's account system is separate from our commenting system. To log in or register with The Atlantic, use the Sign In button at the top of every page.

blog comments powered by Disqus