Tracking the Job Losses

A Toad a la Mode Econo-tastic!(TM) Special Business Report

The recession has already claimed 4.4 million jobs, sending the unemployment rate surging to 8.1%. Where did all those jobs go? We asked the experts,* and gleaned the following from their largely incoherent ravings:

*Based on the results of a Google search for "economists + sobriety" indexed with individuals' Yelp reviews.
**We don't know what this means, and no one would tell us.

Which Industries Were Hardest Hit?

The financial, construction, and automotive sectors suffered especially sharp job losses:

While other industries have proven fairly recession-proof:

Who's Hiring Now?

There is a silver lining: Market-watchers predict rising demand in the following fields:

The Bottom Line

Job losses will continue until residential real estate recovers, which will not happen until the real estate-related losses already incurred at financial institutions are accurately accounted for, which will not happen until banks are forced to replace their managers with people willing to face reality, which will happen, apparently, over Tim Geithner's dead body. So figure on late 2010 at the earliest.

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