Job Market Expected to Recover in 2014

While recent reports showed that August was the best month in a long time as far as the rate of job losses goes, analysts expect that the unemployment rate will not shrink back down to a normal 5 percent until 2014. Currently, the unemployment rate sits at 9.7 percent, up a staggering amount from its position only two years ago at 4.7 percent.
The unemployment rate could continue to soar into the double digits by the end of 2009, breaking 10 percent and signaling truly dire straits for the economy. According to the Department of Labor, the number of job seekers …read more