NAM issues its 2009 Labor Day Report

Lots of fascinating data here. Lots of "worsts." Total non-farm employment has declined almost 6% - - a whopping 6,859,000 jobs lost, nearly 2 million in manufacturing alone. Manufacturing output through July 2009 fell 16.4% from its record high in December of 2007. Unemployment is expected to be at 10% by mid-2010 and not make meaningful improvement until 2011. The report can be downloaded here.