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The worst is yet to come: Unemployed Americans should hunker down for more job losses
Foreclosures hit record, to worsenNew York's unemployment rate hits 9%, highest since April 1983Greenman: The left's hypocritical silence on American dronesAOL to lay off third of staffRohatyn: America's very scary economic predicamentThink the worst is over? Wrong. Conditions in the U.S. labor markets are awful and worsening. While the official unemployment rate is already 10.2% and another 200,000 jobs were lost in October, when you include discouraged workers and partially employed workers the figure is a whopping 17.5%. While losing 200,000 jobs per month is better than the 700,000 jobs lost in January, current job losses still average more than the per month rate of 150,000 during the last recession.
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