January 13, 2009

US Economy Could Lose 2 Million More Jobs

Filed under: FYI,unemployment,US — 7macaw @ 7:52 am
Tags: , ,

“During 2008, total nonfarm employment declined by more than 2.5 million and the sharp declines in the Employment Trends Index suggest that in 2009 this number could grow by another 2 million,” said Gad Levanon, Senior Economist at The Conference Board. “The continued deterioration in the Employment Trends Index signals that no turnaround in the labor market is to be expected in the near future.”

The Conference Board Employment Trends Index (ETI)™ fell further in December. The index now stands at 99.6, decreasing 1.6 percent from the November revised figure of 101.2, and down almost 16 percent from a year ago.

Source: The Conference Board press release.

1 Comment »

  1. You know, this isnt rocket science folks. The United States needs to BAN all outsourcing NOW. We need to stop this madness. You cant outsource jobs and expect to continue the same taxrevenue streams at the local, state and federal levels! You cant spend money at the stores if you dont have a job OR, if you were forced to take a job at Dunkin Donuts because your programming job was sent to someone in India who will live like a KING working for 1/4 of your pay in the U.S. Sorry. Let India and China and other nations fend for themselves. Enough of this globalism BS.

    We need to BAN all outsourcing and its derivatives. If a company wont hire a US citizen to do the job on US territory, for which it SHOULD BE on US territory (i.e. dont go building programming facilities in Bombay and then claim you need locals from there), then the company should be FINED a steep amount equal to the lost tax revenue that would have been generated and that revenue be given to the persons who lose their jobs to supplement their lost incomes.

    Dont tell people to adapt. Dont tell people to change careers. Dont tell people that THEY are the problem and not these CEO idiots who, never ever seem to take a hit no matter how absurd their decisions are and how large their failures are. We need to take back the United States from the stupidity that has it in shackles.

    Time for a revolution.

    Comment by Mike — January 14, 2009 @ 7:33 am | Reply

RSS feed for comments on this post. TrackBack URI

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

Blog at

%d bloggers like this: