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That marks the third straight month that jobs have fallen - the longest period of decline since early 2003.
Now having acknowledged that the US is in a recession it is vital for the government to take appropriate measures to insure an Expansion which will help the economy out of an Depression and in direction of a Peak. This process is clearly defined in the business cycle as seen in fig.1.
In the case of the US, a recession leads into a Depression which has a lot of identifying characteristics; low income, low output, low demand low business confidence, low Investment, Deflation, Cyclical Unemployment, high Government spending and low import (export ? Balance at Payment surplus)...
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