Job Market Recovery

@yeomanly (153)
United States
July 28, 2009 2:16am CST
when do you think the US & global job market recover ?? Until last month it was layoffs everywhere and lots of ppl losing jobs everyday.
2 responses
• United States
31 Jul 09
I think it will still take some time to get things back into place in following a steady track of economic growth. Jobs have started to appear here and there but we still have a long way to go before the GDP exceeds our annual debt. Back in January I originally thought it would be around two years before we would start to notice a healthy turn in the economy. Some experts say next year we can expect things to get better but this is just one of those things that time will tell on.
@aschip (166)
• India
28 Jul 09
Hard to predict. Some say it would take 2 years some say lesser than that or more than that. But basically US, Canada n Europe should learn from this, they have got the whole world into this predicament and they should know how they got us there. Developing countries should learn from the mistakes these developed countries made because of which we are in trouble. Indians are little conservative in terms of debts and loans and stuff, also the banks are not so easy on giving loans especially subprime loans n all... So if we learn from these mistakes, we can make a difference in the near future :)