Another 651,000 jobs shed, unemployment expected to rise through 2009
Unfortunately there is no good news about unemployment in the United States, yet. Here are some news from today:
From Washington Post:
The Bureau of Labor Statistics said the jobless rate rose from 7.6 percent in January to 8.1 percent in February, the highest rate in more than 25 years. An estimated 12.5 million Americans were unemployed in February, the data show, an increase of 851,000 since January. More than 4.4 million people have lost their jobs since the recession began in December 2007, U.S. Labor Secretary Hilda Solis said.
From MarketWatch:
The consensus of private forecasters is for the unemployment rate to get close to 9% next year, with some forecasters looking for a 10% rate. The Federal Reserve doesn’t expect the unemployment rate to fall below 7% until 2011.
If you still have a job right now, you are still in the majority. There are companies still hiring out there, but if you are unemployed you need to somehow beat the competition.
i need a job now