Here’s my bad news post for the week: The nation’s unemployment rate is up yet again.
According to this story in the Wall Street Journal, the unemployment rate hit 7.2 percent in December of last year. For those keeping track, that means that the United States lost a bit more than 2.5 million jobs last year, the most since 1945.
And, if it feels like things have been even worse lately, you’re right. The country lost 1.9 million of these jobs in the just the last four months of 2008.
To anyone searching for a job now, I feel for you. It’s dismal out there, and not getting better anytime soon. And for those hanging onto jobs, hang as tightly as you can.