Corus, jobs and electricity usage
As I have been saying for some time, it may well be the case that the rate of contraction in the economy has slowed markedly.
In fact, in a technical sense it is possible that the recession is over or almost over (though we won't be statistically sure of that for some time).
But any talk of recovery will look profoundly misplaced if you are one of 2,000 workers at Corus's British steel facilities who are to lose their jobs.
They are victims of a halving in sales of steel over the past year - with the company saying there's no significant upturn in sight.
Coming on top of the 2,500 job losses announced in January, there will be a reduction in Corus's total British headcount of just under 20%.
The company, a subsidiary of giant Tata Steel of India, will emerge with just over 20,000 staff in Britain - though that could fall another 2,000 or so if a vulnerable plant on Teesside is shut.
So Corus remains a substantial if diminished presence in the UK.
Can we be certain it has shrunk as much as it will? Well we can't.
There's been no significant pick up in steel demand for construction or for manufacturing.
And here's my depressing statistic of the week, courtesy of the National Grid.
Last November, use of electricity in the UK fell 4% - which was the first ever recorded fall in electricity consumption (since at least World War II).
That was a leading indicator of the depth of Britain's recession, especially in manufacturing, as plants and factory lines ceased operating.
There's a lot of talk at the moment of factories re-restocking and production lines starting up again, but power usage remains 4% down (even after adjusting for seasonal factors).
So the bit of the economy that's particularly important to Corus - the bit that makes stuff - shows no discernable sign of recuperation.