reviewed data going back to 1969.Moonlight shadow Adjusted for inflation, however, home prices were essentially flat throughout the 1980s and the first half of the 1990s, says Zandi, who also took part in the survey. The recession wiped out 8.2 million jobs. Zandi and other economists had previously forecast that Travel around the worldunemployment, which reached 10.1 percent in October, would peak at 11 percent this year. Zandi now expects joblessness to climb again from the current 9.7 percent and reach 10.2 percent by December. That's because many people who have quit looking for work and aren't counted as unemployed will start looking again and because job creation will remain weak. Life is beautiful
Employers have begun to add jobs recently, including 162,000 in March. Economists surveyed foresee additional job creation over the next three Sun shine in the rain months, but not enough to reduce the unemployment rate significantly. They predict job gains of roughly 200,000 in April, 250,000 in May and 125,000 in JuneDelicious cooking . About 125,000 new jobs are needed each month just to keep up with population growth and prevent the unemployment rate from rising. To reduce the jobless rate significantly, employers would need to consistently add 200,000 to 300,000 a month.
"The labor market is the scar left over from the economic trauma that we've been through," says Sean Snaith, economics professor at the University of Central Florida, who took part in the survey. "It will be slow to fade."
Ann DeRoo, 40, of Fairfield, Ohio, began digging into savings to pay home and car loans after her husband was laid off from a trucking job earlier this year. DeRoo, who has three children, has also put off buying new clothes or shoes. Her son, who graduates from college in June, may have to move back home if he can't find a job.
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