The Great Recession And The Jobless Recovery

 Bar chart showing the monthly US unemployment rate since Aug ...

Nationally, 6.9 millions jobs have been lost since December 2007. That astounding statistic was reported this month at SC Employment Security Commission. The jobless rate reported by the Labor Department rose to 9.8 percent in September, while payrolls fell by 263,000.. Now that is the national average in many states that rate is close to 15 % . Folks that had some savings when this recession began and were able to budget expenses through these tougher times are seeing those reserves depleted or gone. One has to believe that this recession will pass but the question is how soon and when will the jobs return?

link:   Labor Market and Economic Overview August 2009 Data…

A man carrying a stack of job listings listens to a discussion ...

Amy Forst, left, and Michael Forst, right, talk with National ...

Amy Forst, left, and Michael Forst, right, talk with National Job Fair attendees, Kendall Wiley, second from left, and Andrew Callahan, second from right, in Richmond, Va., Friday, Oct. 2, 2009. The unemployment rate rose to 9.8 percent in September, the highest since June 1983, as employers cut far more jobs than expected.(AP Photo/Steve Helber)

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