New Report, Unemployment

As economists have reported, we have been in a Recession since December 2007. The November report, unemployment rate rose from 6.5% to 6.7% according to the News Release from the Bureau of Labor Statistics. Unemployment persons up to 10.3 million. Yikes. Where do we go from here? When will things get better?

"U.S. Loses 533,000 Jobs in Biggest Drop Since 1974"

- New York Times

Unemployment Rates

Just in time to start looking for a job, unemployment rates have gone through the roof. Not only do 2009 graduates have to worry about getting a job, but have to worry if places are even considering hiring. The New York Times article New Jobless Claims Reach a 16-Year High, U.S. says reports that October's unemployment rate reported by the U.S. Bureau of Labor Statistics was at 6.5 percent. As Massachusetts said that layoffs will soar in November and December, the rest of the country is feeling the job loss also. The report for November 2008 will be on December 5, 2008.