Bankruptcy

Jobs Jobs Jobs

By J. Michael McBride

The news is really bad on the employment front.

“Nearly 2.6 million jobs were lost in 2008, with 1.9 million destroyed in just the past four months, according to a survey of workplaces. It's the biggest job loss in any calendar year since 1945, when 2.75 million jobs were lost as the wartime economy was demobilized.

The 1.5 million jobs lost in the fourth quarter were the most in any three-month period since 1945.

As a percentage of employment, job losses in 2008 totaled 1.8%, the worst since 1982 and the third-largest since the war.”

Here is a link to the full article:
http://www.marketwatch.com/news/story/carnage-continues-524000-jobs-lost/story.aspx?guid=%7BF9716B93%2D2009%2D4F9D%2DA2CC%2D6890DA427BF2%7D&dist=TNMostRead

Michael

Full post as published by Texas Lawyer Blog on January 09, 2009 (boomark / email).