Worst is yet to come for job market
CNN reports that the labor department will release its latest jobs report Friday. Economists surveyed by Briefing.com forecast that the unemployment rate rose to 7.9% in February and that 650,000 jobs were lost.
If the job loss forecasts for February turn out to be accurate, it would be the worst monthly drop since 1949… Even adjusting for the large growth in the nation’s job base in recent decades, this would be the biggest six-month job loss since 1975.
But even when the job losses end, the unemployment rate is likely rising. The unemployment rate only captures a portion of Americans unable to find full-time jobs. It doesn’t count people working at part-time jobs but cannot find a full-time job..
Right now
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