Job recovery p1 - Military Transition - Military Times EDGE

Experts believe the job market may not pick up for months after the current recession ends, and it could be years before the economy recovers all of the estimated 6 million jobs lost since December 2007. “This is the stunning thing. After the recession of 2001, it took four years — 47 months — to get back to just the employment we had when the recession started,” said Heidi Shierholz, an economist with the liberal Economic Policy Institute, a Washington-based think tank. At the moment, many companies may be doing internal thinking about rehiring and positioning themselves to recruit, but actual hiring is likely months away, said Kerry Williams, a principal at consultant Hewitt Associates. Job losses were slowing as of May, when 345,000 were lost — half the rate shown at the beginning of the year.