TrimTabs Estimates U.S. Lost 335K Jobs In August
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TrimTabs Investment Research estimates that the U.S. economy lost 335,000 jobs in August, which is nearly 50% more than the current consensus estimate of 225,000 jobs lost.
TrimTabs notes that in the past twelve months, the U.S. economy has lost 5.9 million jobs, the largest annual job loss in records dating back to 1970.
Charles Biderman, CEO of TrimTabs, commented, "A full year has passed since AIG and Lehman Brothers collapsed, yet there is no end in sight to massive job losses. The economy lost at least 300,000 jobs in each of the past 12 months."
TrimTabs notes that in the past twelve months, the U.S. economy has lost 5.9 million jobs, the largest annual job loss in records dating back to 1970.
Charles Biderman, CEO of TrimTabs, commented, "A full year has passed since AIG and Lehman Brothers collapsed, yet there is no end in sight to massive job losses. The economy lost at least 300,000 jobs in each of the past 12 months."
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