An article today titled ‘U.S. jobs data a stress test of its own’ provides the first indication I have seen of U.S. job loss estimates for April. April job losses are expected to be reported on Friday. The article says the U.S. Labor Department’s official jobs is expected to show another 630,000 jobs were lost in April – following from +650,000 job losses reported in each of February and March, bringing “total job losses for this recession to a staggering 5.7 million”. The article also reports that economists believe over 2 million additional jobs will disappear in coming months, even if there is a second-half economic rebound in 2009 – meaning that for the broader population, it will still feel like a recession.

I am sure there will be many more reports and discussion on U.S. job losses over the course of the next week and months. Because I consider this statistic of significant importance to the timing of economic recovery I will be following and commenting on those reports on this blog.

Click here for Base Metal Mining News.

See Blog Legal Disclaimer

Possibly Related Posts:

• An Accident Waiting to Happen, or ‘Ever Closer To The Cliff’!
• After Spain, is Italy Next?
• Spain and Spanish Bank Dilemma!
• China Banking Camel In U.S. Tent?
• No Alternative To Austerity

Trackback URI | Comments RSS