Unemployment Continues Its Upward March

By Megan McArdle

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.

This article available online at:

http://www.theatlantic.com/business/archive/2009/04/unemployment-continues-its-upward-march/7145/