What's even scarier in this article is the talk of how many people have stopped looking for jobs.
Jobless rate reaches 9.8 percent in September - Yahoo! News
Quote:
If laid-off workers who have settled for part-time work or have given up looking for new jobs are included, the unemployment rate rose to 17 percent, the highest on records dating from 1994.
More than a half-million unemployed people gave up looking for work last month. Had they continued searching, the official jobless rate would have been higher.
All told, 15.1 million Americans are now out of work, the department said. And more than 7.2 million jobs have been eliminated since the recession began in December 2007.
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Not a bashing thread. More a thankful that I have a job thread. My employer has always been a cash first business, and we have a stable client base. I am very thankful that I have my job!