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Report shows nation could lose 2 million jobs in 2009




By www.EmploymentCrossing.com

www.EmploymentCrossing.com

In an employment report issued by the Conference Board, the agency said the nation could lose 2 million more jobs in the upcoming year.


The business research firm said its Employment Trends Index fell 1.6% last month to stand at 99.6.

The index has declined for 17 straight months, with drops of 1.6% or more over the past six months.

However, Wachovia chief economist John Silvia told CNNMoney.com that “the worst may be behind us and that 2 million more jobs seems a bit aggressive an assessment.”

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