Economists: Expect 19,000 Job Losses a Month

beartambakojaguar 2 Economists: Expect 19,000 Job Losses a MonthFrom the Wall Street Journal this morning:

The next U.S. president will be confronted with slow growth, high unemployment and an economy teetering toward recession, say 51 private economists … The respondents saw a 60% chance of an outright recession, expect the economy to shed 19,000 jobs a month for a year, and say the jobless rate, which jumped in August to 6.1%, will keep rising, to 6.4% by midyear, passing the 6.3% seen after the last recession.