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Joblessness Getting Worse

Unemployment, the economists say, is a lagging indicator.

The economy turns down, unemployment rises. The economy turns up, unemployment stays high for a while.

What this means is you should look for more increases in unemployment this year.

It’ll be as bad as last year, according to a prediction announced Monday at The Conference Board.

Last year, the nation lost 2.5 million jobs.

Trends tracked by the research organization point to a loss of 2 million more jobs in 2009.

The Conference Board looks at job openings, part-time hiring, factory production and sales, among other things, to figure out which way employment is going.

It's not going up. Jobs are still being lost.

I thought unemployment would rise this year, but geez, that's a very high number.

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POSTED IN: Economy (26)

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You've got the job of managing your money. No one in school taught you how.

But you and I, we can teach each other, how to handle it, how to save for retirement, how to make money... < More >

Harriet Johnson Brackey Harriet Johnson Brackey, the personal finance writer for the Sun-Sentinel, has been an award-winning business...< More >

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