As reported by the BLS this morning.
That is about 200,000 less job losses than had been predicted, and less than 50% of the job losses from a few months ago.
As the resident un-Cassandra around these parts, I hope I've earned a little respect with this report.
The unemployment rate, sadly, also continues to climb, at 9.4%, towards the 10%+ I predicted for July.
Additionally, the manufacturing workweek shrank again. That is a bad piece of economic news, the worst of the week.