Unemployment Hits 9.4%

Courtesy 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 .

With 14.5 million Americans unemployed and countless others underemployed, any full recovery will have to be a long one.

Many economists believe the jobless rate will hit 10 percent by the end of this year. Some think it could rise as high as 10.7 percent by the second quarter of next year before it starts...



 

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