12.09.2008

Report from the Front: Conditions of Employers

Also, there's interesting economic and banking news about BofA and the factory workers in Chicago. See Raw Story to start. - Ed.

First and second person accounts of business conditions

Two weeks ago in Unemployment by industry: Recession or depression? we published our bottom-up, data driven analysis of future unemployment that estimated 10 million job losses in 2009, and identified the industries likely to the affected most and least. Last week one of our members posted a thread entitled “How the Economic Crisis/Recession has Affected Your Job and Your Employer” that so far has elicited over 50 responses from across the US, with a few from the UK and Australia covering a broad range of professions. The comments reveal the speed and breadth of the decline in many industries, but also highlights a few bright spots, such as in disinfrastructure, also known as the Defense Industry.

Professions represented in the comments include:

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