Tuesday, April 21, 2009

National unemployment rate could break 1982 post-Depression record

Based on the statistics discussed in this article, the author is predicting a double-digit national unemployment rate and the possibility of a new post-Depression record, which was set in 1982 (10.8 percent).

Here's the first paragraph verbatim, which appears to have sidestepped the copy editing process:

"The U.S. labor market has been achieving records it would have rather avoided: 2008 witnessed the highest number of unemployed in the last seven decades; and January 2009 recorded highest layoffs in a single month in last six decades."

Me no like.

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