New Study Flags Major Risks to Long-Term Job Growth
ECRI
November 23, 2009
(ECRI) - The jobless recovery predicted by ECRI early last summer is a reality. The question hotly debated now is how long it will take the U.S. economy to regain the millions of jobs lost in this recession. ECRI's latest analysis, using reliable and objective leading indexes, is relatively optimistic about near-term job growth, and rules out a double-dip recession. However, the study uncovers ominous longer-term trends with very troubling implications for non-manufacturing employment, which now encompasses more than 90% of U.S. jobs.
This information is excerpted from a full report issued on November 19th to Professional members. For information on how to receive ECRI's professional services click this link.
Now that the value of information has gotten to be about zero, there's an overload, and I think what's gonna be the end result is the value of expertise is gonna go to infinity. Because it's harder and harder for people to digest all these inputs, let alone make sense out of them, let alone translate them into investment decisions.
- Wilbur Ross, CNBC, Dec. 1, 2009
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