While the number of layoffs in May fell below expectations, the unemployment rate has now risen to 9.4%, a 25 year high.
With 14.5 million Americans unemployed and countless others underemployed, any full recovery will have to be a long one.
slow descentUnemployment Hits 9.4%Donklephant Fri, 06/05/2009 - 7:12am
While the number of layoffs in May fell below expectations, the unemployment rate has now risen to 9.4%, a 25 year high. |