11 Million Jobless
January 9th, 2009. Filed under: Finance & Fitness Fridays.A breaking news alert from the New York Times just came in. According to the Labor Dept., the jobless rate jumped to 7.2% as more that 524,000 nonfarm jobs were lost in December. More than 11 million Americans are now unemployed, the most in nearly 25 years. That now puts the unemployment rate up 2.2 percentage points since April. Notice that this does not include farm related jobs. Neither does it include those who have been jobless and looking since forever nor those who just gave up and quit looking. Read the full article here.