A View of the C

Funny – Inappropriate – Edumacational

Unemployment Rates Continue To Rise

The U.S. unemployment rate bolted to 7.2 percent in December, the highest level in 16 years, as nervous employers slashed 524,000 jobs. The labor market is expected to remain weak as mass layoffs continue.

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.

Check out the interactive map below that shows the unemployment percentage by state, and by month. I know for Washington, there are major layoffs about to be finalized (Washington Mutual) in the month of January and with some rumored impending Microsoft layoffs, Seattle in particular could continue to be hit hard. Vodpod videos no longer available.
If the image above is acting shady, click here to see the full version. 

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January 9, 2009 - Posted by | Did you know?, Economy | , , , , , ,

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