We are very sorry in sounding so gory, but truth has to be reported.
A new analysis by Goldman Sachs sounds a somber tone. It suggests that the downturn is still in its incipient phase, and that job losses could surpass 2 million in 2009, with unemployment climbing to 8%. The report suggests that over the next year, "lagging" sectors of the economy — like construction, manufacturing, financial services and retail — are likely to incur many of the coming losses. Necessities like health care will remain steady, and "Hollywood should do O.K.".
Read this article on lay-offs here.
A new analysis by Goldman Sachs sounds a somber tone. It suggests that the downturn is still in its incipient phase, and that job losses could surpass 2 million in 2009, with unemployment climbing to 8%. The report suggests that over the next year, "lagging" sectors of the economy — like construction, manufacturing, financial services and retail — are likely to incur many of the coming losses. Necessities like health care will remain steady, and "Hollywood should do O.K.".
Read this article on lay-offs here.
