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In an employment report issued Monday by the Conference Board, the business research firm said that after the loss of 2.6 million jobs last year, the nation could still stand to lose 2 million more in 2009.
Last month, the Employment Trends Index fell 1.6% to stand at 99.6 and economists predict that such figures are markers that a turnaround is not expected in the near future.
John Silvia, Wachovia’s chief economist said a decline in the next six months is to be expected, but that we have probably already seen the biggest number we are going to see.
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