Worst Year for Job Losses Since 1945

http://iht.com/articles/2009/01/09/business/10jobsA.php?page=1

2.6 million jobs lost in 2008. More than 500k in December.

Unemployment rate jumps to 7.2%. let us remember that this number has been ADJUSTED, making historical comparisons difficult. Workers that have given up looking for work are categorized as DISCOURAGED and not included in the labor statistics, as in the past.

The true unemployment rate is much much worse than the 7.2% and we imagine that over 10% of the U.S. population that is able to work is unemployed.