Almost 8 Million Job Cuts are Expected in this Recession Say EconomistsBy Angsuman Chakraborty, Gaea News Network
Monday, March 2, 2009
The statisticians bring no good news but something to be very scared of. This recession has deservingly placed itself in history of worst job losses in 60 years. With output still falling at a dizzying rate, most companies are shedding unneeded workers and cutting back the hours of those remaining.
The economic patient is still in critical condition, with little medication to relieve the pain, We will have to bite the bullet.
wrote economists Brian Bethune and Nigel Gault of IHS Global Insight.
Tags: economic recession, job cut, Lost, pink slip, recession, worst recession