COLLEGE PARK, Maryland – "The unrelenting, month-by-month loss of American jobs throughout 2008 provides a revealing snapshot of our path into this recession," says University of Maryland economist Peter Morici, a professor in the Robert H. Smith School of Business. Morici predicted the recession early on – late last year when holiday sales proved disappointing.
Morici predicts the trend to continue with this Friday's release of November employment figures, forecasting the loss of nearly 300,000 more jobs.