Job Boom Could Be Coming Soon

Job Boom Could Be Coming Soon

by Paul R. La Monica
Friday, August 22, 2008provided by

There is no denying that the job market is weak.

The Department of Labor has reported that 432,000 people filed for unemployment benefits in the past week - making this the fifth straight week that jobless claims topped the 400,000 mark.

And so far this year, there has been a loss of 463,000 jobs.

Yet, some are starting to see light at the end of the tunnel on the job front. Economists at the University of Michigan said in a report released yesterday that 900,000 jobs will be added next year and that 2.6 million more will be created in 2010.

Joan Crary, an economist with the University of Michigan, said that this forecast is based on a belief that the economy will finally begin to rebound in the second half of 2009.

http://finance.yahoo.com/career-work/article/105614/Job-Boom-Could-Be-Coming-Soon