The nation's unemployment rate bolted to 7.2 percent in December, the highest since early 1993, as nervous employers slashed 524,000 jobs.The Labor Department's report, released Friday, underscored the terrible toll the deepening recession is having on workers and companies, and highlights the hard task President-elect Barack Obama faces in resuscitating the flat-lined economy.
For all of 2008, the economy lost a net total of 2.6 million jobs. That was the most since 1945, when nearly 2.8 million jobs were lost. Although the number of jobs in the U.S. has more than tripled since then, losses of this magnitude are still being painfully felt.
Click here to read the Whole article on the Huffington Post.
Here are some other interseting reads and links regarding this economy:
Fudged jobless numbers:
http://socialistworker.org/2008/10/13/fudging-jobless-numbers
Bush"s legacy of terrorizing America extends to aid for the unemployed:
http://economix.blogs.nytimes.com/2008/10/20/the-best-way-to-help-the-unemployed/
Tips for the long-term unemployed:
http://www.kiplinger.com/columns/onthejob/archive/2007/job0912.html
Information on unemployment benefits:
http://money.cnn.com/2008/11/20/news/economy/unemployment_benefits/index.htm
Finding the local food bank:
http://www.secondharvest.org/ ◦
