An excerpt from an article courtesy CNN -
Another economist suggested that the positive effects from a stimulus package would not be felt until spring or early summer 2009 at the earliest and that there would be no significant job gains until 2010.This is not good news, especially when I am planning on taking a gamble to study in the US. I am stumped, these signs are not very encouraging!"Classically, employment is a lagging indicator that will decline well into the recovery period," Brian Bethune chief U.S. financial economist for research firm Global Insight. "Assuming the recession lasts until middle of 2009, it may be another six to eight beyond that before employment stabilizes."
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