February 13, 2009

The forecasters believe that as employment often lags behind changes in U.S economic growth, job losses and unemployment will continue to rise even after GDP growth turns positive. They called for a loss of approximately 183 000 jobs a month. They expect the unemployment rate to increase steadily from its current 7.6% rate to 8.3% in June, 2009 and then further to 8.8% at year’s end.

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