Job Losses: Is The Panic Justified?

摘要

It was bad enough when Iceland got into financial trouble and practically sank intornthe frigid North Atlantic. It was worse when your next-door neighbor lost his home to foreclosure. But now things are really getting scary: Your own job may be at risk.rnUnease turned to incipient panic on Dec. 5 after the government reported that the U.S. economy lost 533,000 jobs in November, making it the worst month for employment since the grim days of December 1974. The holiday party chatter is all about layoffs. Everyone wants to know how long the jobs hemorrhage will last and how bad it will get.rnForecasting job losses is incredibly difficult because a lot depends on when banks finally get back to the businessrnof providing credit.