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WSJ Survey: Economists Expect Shifting Work Force

WSJ: “About a quarter of the 8.4 million jobs eliminated since the recession began won’t be coming back and will ultimately need to be replaced by other types of work in growing industries, according to economists in the latest Wall Street Journal forecasting survey. While the job market is constantly shifting as some sectors fade and others expand, this recession threw that process into overdrive. Thousands of workers lost jobs as companies automated more tasks or moved whole assembly lines to places like China. As growth returns, so will job creation—just with a different emphasis in the mix of jobs being created.”

  • See forecasts for growth, unemployment, housing and more. Plus, views on the Fed’s rates, stimulus and more. Survey conducted Feb. 5-9. (Or download all data as .xls)
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