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  • Job losses from Great Recession about to get worse as government revises employment data

    02/05/2010 12:05:41 AM PST · by 2ndDivisionVet · 19 replies · 915+ views
    Yahoo! News / The Associated Press ^ | February 5, 2010 | Christopher S. Rugaber, AP Economics Writer
    Job losses during the Great Recession have been huge and they're about to get bigger. When the Labor Department releases the January unemployment report Friday, it will also update its estimate of jobs lost in the year that ended in March 2009. The number is expected to rise by roughly 800,000, raising the number of jobs shed during the recession to around 8 million. The new data will help illustrate the scope of the jobs crisis. Analysts think the economy might generate 1 million to 2 million jobs this year. And they say it will take at least three to...