- Oct 7, 2005
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The pace of job losses quickened in June after slowing just a month earlier, casting a shadow over the Obama administration?s attempts to stanch months of declines in the labor market.
nytimes
This is really worrisome. At first I thought we had shaken off Great Depression-like soup kitchens but now I'm thinking that if something drastic doesn't happen, we could eventually get there.
Most of the men I know are unemployed (construction, etc) and are self-employed; I don't think they are reflected in the 9.5% so realistically this number could be MUCH higher.