More job losses expected
WASHINGTON (AP) - Economists are expecting more U.S. job losses
in the coming months on top of the 80,000 that were cut last month.
Mark Zandi of Moody's Economy.com says businesses are "getting
nervous and pulling back." Analysts expect the jobless rate to
peak around six percent early next year. They say as many as two
million people could lose their jobs in a recession that may have
Construction workers, real-estate agents and auto workers could
be among those hardest hit. School and medical jobs should be
Hiring is also expected to hold up in areas where people spend
no matter how the economy is doing: places like grocery stores, gas
stations and repair shops.
But because people may put off things like vacations, various
segments of the tourism industry, including hotels and restaurants,
(Copyright 2008 by The Associated Press. All Rights Reserved.)
To comment, the following rules must be followed:
Comments may be monitored for inappropriate content, but the station is under no legal obligation to do so.
If you believe a comment violates the above rules, please use the Flagging Tool to alert a Moderator.
Flagging does not guarantee removal.
Multiple violations may result in account suspension.
Decisions to suspend or unsuspend accounts are made by Station Moderators.
Questions may be sent to firstname.lastname@example.org. Please provide detailed information.
Viewers with disabilities can get assistance accessing this station's FCC Public Inspection File by contacting the station with the information listed below. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, 888-835-5322 (TTY), or email@example.com.