Feds could raise estimate of total job losses during recession to 8 million
WASHINGTON - Job losses during the Great Recession have been huge and they're about to get bigger.
When the Labor Department releases the January unemployment report Friday, it will also update its estimate of jobs lost in the year that ended in March 2009. The number is expected to rise by roughly 800,000, raising the number of jobs shed during the recession to around 8 million.
The new data will help illustrate the scope of the jobs crisis. Analysts think the economy might generate 1 million to 2 million jobs this year. And they say it will take at least three to four years for the job market to return to anything like normal.
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1 comment:
Dont forget the 8 million more that no longer get unemployment and then the 10 million self employed that never qualify for unemployment....its already been proven the total is above 21% They dont want to let the cat out of the bag because of anger and hysteria!
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