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Wednesday, April 7, 2010 as of 11:14 AM ET

Job Losses

Job losses caused by the late-2000s recession

Many jobs have been lost worldwide since the start of the late-2000s recession. In the US, job losses have been going on since December 2007, and it accelerated drastically starting in September 2008 following the bankruptcy of Lehman Brothers.

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Week Ahead: May Jobs Report Due Friday

Despite a shortened week due to the Memorial Day holiday investors will have plenty of economic data to mull, not least the May jobs report out Friday.

Key housing and consumer data is also on tap.But everything else is just leading up to the jobs numbers. The last two reports have been disappointing, effectively taking the steam out of any broader economic recovery hoped for in 2012.For three straight months – December, January and February – the U.S. added over 200,000 jobs, leading to optimism that the long-dormant economy was turning around. But the March and April reports fell off sharply and economists don't believe the situation changed much in May. Forecasts are calling for an increase of about 150,000 jobs, which would leave the unemployment rate unchanged at 8.1%.A key underlying measure investors will be looking at is how many people left the workforce in May. That number has been surging as thousands of Americans have given up hope looking for work.Payroll firm ADP will rel...

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