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Welcome to Jim's Blog. Jim Prince is a 20-year veteran of the markets and the chief educator for The United States Chart Company and The Greatest Business on Earth - an educational and support site for commodity futures and option traders. Please visit gbemembers.com for information on our ongoing programs.
The number of job losses in the current recession are huge. The labor department is expected to release figures showing that the number jobs lost during the recession are now over eight million.
Here's an interesting chart that I found showing the various recessions since World War II.
Many analysts feel the economy might generate one to two million jobs this year. But they feel it will take at least three to four years for the job market to turn around to some sort of normalcy. That means they're suggesting it will be 2014 before there is any significant job growth.
Makes me happy I'm part of the Greatest Business on Earth™!