Other economic indicators (GDP, manufacturing, etc.) are still showing tentative signs of improvement, but they will need to pick up some serious steam to support the job growth we need. Analysts now say it may be until the second half of 2010 before we see even a little relief. And one study, conducted by two Rutgers professors, posits that the country's labor force won't be able to rebound until at least the year 2017. (The report considered both the amount of jobs lost since December 2007 and the 1.3 million people who are added to the labor force every year, and also noted that the average annual job growth from November 2001 to the recession's start was just one million, well below the 2.4 million and 2.1 million it measured in similar, earlier periods of expansion.)
Pink Slippers, if you have anything to say about the situation that even hints of buoyancy, please forward it via the 'Post a comment' button. We refuse to listen to any more doomish predictions today.
--Posted by Todd Obolsky, Vault Staff Writer
Want to be found by top employers? Upload Your Resume
Join Gold to Unlock Company Reviews