Grim job outlook turns bleaker Even with massive spending, job market likely won't recover until 2010. Fridays employment report showing another half million jobs lost in December confirms an already bleak outlook for the job market and adds urgency to President-elect Barack Obama's plan for a massive economic stimulus package. But analysts say that even with fresh federal stimulus of $775 billion or more the job market probably wont pick up again until early 2010. The U.S. unemployment rate jumped to 7.2 percent in December, the highest since early 1993. For all of 2008, the economy lost a total of 2.6 million jobs. That was the most in one year since 1945, when nearly 2.8 million jobs were lost. Some 1.9 million of those jobs were lost in just the last four months of the year. Grim job outlook turns bleaker - Eye on the Economy- msnbc.com Way to go Bush. Why don't we send some more jobs overseas. And while we are at it, lets continue to hire illegals for jobs Americas will do.