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Economy could lose 2M jobs in 2009
By http://www.employmentCrossing.com
http://www.employmentCrossing.com
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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