Job Losses Will End in 2010

Posted on | November 23, 2009 | No Comments

That’s according to the 48 professional forecasters that make up the National Association of Business Economics (NABE), the same panel that, in October, declared the recession over.  In their most recent report, NABE panelists conclude that net job losses will end in the first quarter of 2010, and that the economy will see job gains thereafter.  While NABE panelists don’t believe that the 7.3M jobs lost since December 2007 will speedily return, 61% of NABE panelists believe that most will return by 2012.

Also included in the NABE report are predictions on GDP growth, the housing market, inflation, the stock market and consumer spending.

NABE panelists believe the GDP will grow 3.0% in the final quarter of this year, and rise to 3.2% in 2010.  They expect a “sizable housing rebound”; fear high inflation and the U.S. government’s deficit over the next 5 years; predict stock prices will continue to rise; and expect consumer spending will be slow to rise as consumers’ work their way out of debt and slowly return to work.

Hear
this post

Related Posts

• What’s Behind the 10.2% Unemployment Rate
• One More Reason You Can’t Find a Job
• Stock Market Gains Meet Job-Seeker Needs
• 4,154,000 Jobs Posted Online Now!
• 3,957,000 Jobs Online Now!

Comments