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Monday, January 12, 2009

Economy could shed 2 Million jobs in 2009

NEW YORK (CNNMoney.com) -- The nation could lose 2 million more jobs in 2009 after the loss of 2.6 million last year, a business research firm said in an employment report issued Monday.

The forecast came in a report issued by the Conference Board, which said its Employment Trends Index fell 1.6% last month to stand at 99.6.

"The continued deterioration in the Employment Trends Index signals that no turnaround in the labor market is expected in the near future," Conference Board senior economist Gad Levanon said in the report.

The index has declined for 17 straight months, with drops of 1.6% or more over the past six months. To top of page

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