Mish / Mike Shedlock – Household Survey: Number OF Employed Declines By 119.000 As Those Not In Labor Force Rises By Spectacular 581,000; Yes, Virginia, It’s A Recession – 7 September 2012

Recession Numbers Second Consecutive Month

Yesterday I was asked if the services ISM changed my view about the US being in recession. I responded that I wanted to see today’s job report first.

Well I have seen it and the report is nothing short of a certified disaster.