Friday, June 5, 2009

The U.S. Job market ….is this the path towards recovery or the worst is still to happen?

After the Job loss of 345.000 in the month of May much better then since last few months the U.S. job market is on his way to recovery .The pace of job loss is declined since September compared to March and September."The bad news is getting less bad ", says Nariman Behravesh chief economist at IHS Global Insight.

According to the Economist, latest data and the improving trend in jobless shows that the job market is close to a bottom and the pace of job loss is improving. But there is some bad news also the unemployment rate was the highest in 25 years in the month of may 9.4% much more then expected and it may exceed to 10% by the end of the year according to “Behravesh” .Let's hear from him ..

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