Business Insider is reporting that as the world economy struggles with a massive economic downturn, job losses are on the rise.
In fact, according to a new study from Harvard University, unemployment is actually rising again.
“When unemployment rises it means that the economy is in a recession,” said Daniel Kline, the lead author of the study.
“That means that there is a significant reduction in economic activity, which is exactly what we would like to see.”
The new report from Harvard, which was released on Tuesday, comes on the heels of a report from the US Federal Reserve that showed a dramatic decline in the number of jobs being created in the US.
As we reported in April, unemployment has been steadily creeping up since 2008, when the last recession ended.
The number of people working full time fell by 7.7 million between January and December of this year, according the US Bureau of Labor Statistics, and has been on the decline for the last six months.
The unemployment rate is also on the upswing, but the jobless rate has fallen by 4.5% from January to December.
The report shows that unemployment rates are currently falling across most industries, with the exception of retail, which has seen a steady decline since 2008.
The Harvard report also suggests that companies are having to make decisions about how they can keep employees.
For instance, the report notes that the average age of a person working part time is down by two years from 2007 to 2014, and the average number of hours worked per week has dropped by one month over the same period.
Meanwhile, the percentage of people who are underemployed is also dropping, and is now at the lowest level since at least the 1950s.
The study also found that the number, share, and percent of people in full-time work have declined over the past two years, which suggests that the recession has hit the middle class harder than previously thought.
The US economy has been struggling for years to recover from the recession.
As the economy recovers, the unemployment rate will drop, but it is likely that a recovery will take longer than previously anticipated.