Forecast: US to Lose 1 Million More Jobs in 2009

Macroeconomic Advisers, a policy analysis firm, says the US may lose another 800,000 to 1 million jobs this year.

The firm also says employment will not begin to rise again until 2010. However, they expect economic growth to resume in the second half of this year.

Macroeconomic Advisers LLC, previously Laurence H. Meyer & Associates, is a privately-owned corporation that specializes in macroeconomic forecasting and policy analysis. Its founder Lawrence Meyer is now a governor of Board of Governors of the Federal Reserve System.