> Crap employment report this morning from the BLS. Loss of 49,000
> jobs, unemployment rate up 0.5 point. In a normal recession, we'd be
> seeing job losses five times that, but still, there's no doubt that
> things are not good.
Has anyone ever theorized about a job loss "floor", below which no significant loss of jobs could occur? And could the rate of job loss necessarily slow down as it approached this "floor"?