Despite the first signs of economic growth in more than a year, many factors will keep a jobs recovery from occurring for a long time. CNN news report.
The consensus forecast is that job losses ( Find the upcoming Job Fairs In the U.S. )will continue through the end of this year, with many economists not expecting unemployment to peak until next summer. That will add to the 7.2 million jobs already lost in this downturn.

Even with Thursday’s report that showed the economy grew at a 3.5% annual rate in the third quarter, the continued job losses are not a shock.
Jobs are what are known as a trailing or lagging indicator, meaning that they change in response to other economic events, rather than predicting changes the way a leading indicator, such as the stock market, does. That’s because even after a recession has ended, employers are slow to add staff until they’re sure that demand has returned.
Many other economists were already looking for a tough labor market for at least the next year.
According to a survey by the National Association of Business Economics, the consensus forecast of 44 top economists is for an addition of only 12,000 jobs a month in the first quarter of next year.
More than a half of the economists surveyed said that a recovery to pre-recession levels in the job market will return on 2012, that’s mean 7.2 million jobs return.

November 1st, 2009
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