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Originally posted by lucentenigma
What we need is a bail out for main street.
[edit on 2-10-2009 by lucentenigma]
Originally posted by centurion1211
trillions spent, and they can't even figure out (or won't say) where it all went.
If laid-off workers who have settled for part-time work or have given up looking for new jobs are included, the unemployment rate rose to 17 percent, the highest on records dating from 1994.
All told, 15.1 million Americans are now out of work, the department said. And 7.2 million jobs have been eliminated since the recession began in December 2007.
The department said 571,000 of the unemployed dropped out of the work force last month, presumably out of frustration over the lack of jobs. That sent the participation rate, or the percentage of the population either working or looking for work, to a 23-year low.
The unemployment rate would have topped 10 percent if the labor force hadn't shrank, Fabbri said.