Economic Report: New Year Will Bring More Brisk Job Losses

[Omaha Steve]

http://www.laborradio.org/node/10052

Economic Report:

At least the economy is consistent. The U.S. job market experienced a slight decline in November with employers cutting 533,000 jobs in November – the most in 34 years. November marked the 11th consecutive loss of jobs. The Conference Board predicts that as the U.S. economy enters 2009 jobs will continue to be lost at a brisk pace. In the report the organizations senior economist said as many as 3 million jobs will likely be lost by mid-2009.