The recession may have ended in June of last year, but the job loss didn’t stop there.
Between April 2009 and March 2010, the U.S. lost 2.2 million jobs, according to a report from the Bureau of Labor Statistics. That number, as CNN Money notes, is actually more than 350,000 higher than original labor estimates from earlier this year.
In fact, the total number of jobs lost since the recession began now stands at an astonishing 8.1 million, this despite recent projections from the White House that the stimulus package actually saved or created more than 3 million jobs.
But even that 8.1 million number, as daunting as it is, doesn’t give the complete picture for how many jobs this country has lost.
A recent analysis from the Economic Policy Institute found that the labor market is actually short 11.5 million jobs, when you factor in population growth.
The silver lining to all this is that the number of job openings available continues to increase, and now stands at more than 3 million. This is usually seen as a precursor to increased hiring, but as we reported recently, many of the job openings are going unfilled.For now, we have our fingers crossed that this year ends with a winter of recovery.
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