"Leisure and hospitality job losses were the driver again, falling by 7,310,000. But across the board, virtually every industry lost jobs. There were 2,489,000 jobs lost in the education and health care sectors while the retail sector saw 2,000,000 jobs disappear."
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Bill Bonner is founder and owner of Agora Inc., one of America's largest consumer newsletter publishers. Best-selling author and globe-trotting correspondent since 1999 for the Daily Reckoning email, he is chairman of family-wealth advisory Bonner & Partners, and co-author with his son Will of Family Fortunes: How to Build Family Wealth and Hold Onto It for 100 Years (Wiley, 2012).
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