Recession Worse Than Prior Estimates, Revisions Show

Falling production idles nearly a third of nation’s factories, mines, utilities

NAFTA Trade Takes Record 35.4 Percent Dive

Trade using surface transportation between the United States, Canada and Mexico dropped 35.4 percent in May, the largest year-over-year decline on record for the North American Free Trade Agreement

Industrial Capacity Use Hits Record Low

The world’s largest economy contracted 1.9 percent from the fourth quarter of 2007 to the last three months of 2008, compared with the 0.8 percent drop previously on the books, the Commerce Department said today in Washington.

Unemployed Over 26 Weeks

The DOL report this morning showed seasonally adjusted insured unemployment at 6.2 million, down from a peak of about 6.9 million. This raises the question (and frequent emails) of how many unemployed workers have exhausted their regular unemployment benefits