Even under optimistic assumptions, it could take seven straight years of solid growth just to get employment back to where it was before the downturn, a Rutgers University analysis found.
Almost no one is expecting job growth to roar back, given its anemic increase in the last decade, when the economy generated on average 1 million jobs a year, less than half as many as during the booms of the 1980s and 1990s. Median income actually fell more than $2,000 over the decade.
Sunday, October 25, 2009
Experts see rebounding economy shedding jobs
The San Francisco Chronicle reports: